Coinbase CEO Brian Armstrong has said he thinks inadequate US digital asset regulation has forced crypto exchanges to set up operations overseas, as FTX did in the Bahamas, leaving consumers more vulnerable. Some UK banks have resorted to preventing customers from buying cryptos in response to what they say is a rise in crypto scams. Regulation roundup: More oversight is coming in major markets.

Nine countries have already launched a CBDC, including Nigeria and the Bahamas. 15 countries are running a CBDC pilot, such as China and Russia. 16 countries are developing a CBDC, like Canada and Brazil. Most of the remaining countries are researching the possibility of a CBDC.

Stripe can use FTX’s crypto know-how to inform its own products, and powering FTX’s crypto payments can boost Stripe’s revenues as the Bahamas-based exchange expands globally. The big takeaway: The timing of Stripe’s re-entry into digital assets is fortunate. The Biden administration signed an executive order on cryptocurrencies last week that signaled broader future oversight of the industry.

Curbing illicit usage of money: The IMF notes that the Bahamas is the sole example of a country that’s taken on combating illicit usage as a goal. Design differences: The report identifies a spectrum of design implementations among the six central banks, with categorical areas such as:.

The news: The Bahamas-based crypto exchange raised a $400 million Series C at a $32 billion valuation after charting staggering growth in 2021. More on FTX: Though it was only founded in 2019, FTX quickly has established itself as the third-largest global crypto exchange—and investors keep returning to it with fresh capital.

But only a handful of countries—among them Nigeria, the Bahamas, and some eastern Caribbean nations—have successfully launched a digital currency. Part of CBDCs’ appeal is that they are more stable than traditional cryptocurrencies like Bitcoin because they’re backed by a central government. Having a more regulated and centralized framework will, in theory, protect consumers.

I have this image of they're all just hanging out in The Bahamas and then you just didn't get the invite. Marcus Johnson:. Did that happen? Probably. Stuart who runs the team, thank you to him, and thanks to everyone listening in. We'll see you tomorrow hopefully for Behind the Numbers Weekly listen. That's an eMarketer podcast made possible by InMobi.