Navigating Regulatory Challenges in Caribbean Banking Systems

This chapter explores the difficulties Caribbean banking systems face due to regulatory hurdles and gray list placements by the Financial Action Task Force. It emphasizes the need for reform in KYC procedures and a modern legislative framework to support financial growth and cryptocurrency operations in the region.

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Join us as we delve into Dread’s inspiring story, from his days as a world-class athlete to his significant contributions in the world of Bitcoin. Learn about the Caribbean crypto landscape, challenges of CBDCs, and his work with OpenSats funding innovative Bitcoin projects.

Discover more about Flash, his Bitcoin wallet and exchange platform, and the fascinating world of e-cash engineering.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:34 - How Dread transitioned from a track and field career to Bitcoin entrepreneurship.

11:25 - Insights into how Bitcoin businesses operate in the Caribbean.

13:30 - Reasons behind the failure of CBDCs in the Caribbean and why initiatives struggle.

19:11 - The purpose and impact of OpenSats, a nonprofit funding Bitcoin projects.

21:40 - Key projects supported by OpenSats that are making waves in the industry.

23:38 - Unique aspects of Bitcoin engineering, including e-cash technology, that intrigue Dread.

24:30 - An overview of Flash, a Bitcoin wallet and exchange tailored for Caribbean users.

BOOKS AND RESOURCES

Dread’s Flash website: GetFlash.io
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