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News : Grand Bahama Last Updated: Jun 2, 2018 - 1:00:25 AM


Cryptocurrency conference set for Grand Bahama
By Sarah Kirkby
May 31, 2018 - 2:53:22 PM

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Minister for Grand Bahama, Senator Kwasi Thompson joined members of the government, the President of the Grand Bahama Port Authority, local Immigration Representatives, GB Business stakeholders to unveil plans by his government to introduce the use of blockchain and cryptocurrency technology to the island’s digital strategy. During June 20th to 22nd, 2018 Grand Bahama Island will serve as the backdrop for the first ever Bahamas Blockchain & Cryptocurrency Conference (BBCC) which organizers are anticipating will attract the best and brightest in the crypto industry to the country. Pictured at the conference launch are (left to right) Ian Rolle, President of the Grand Bahama Port Authority President, Allison Levarity, Director of Customer Experience, ALIV, Minister Thompson and Donovan Moxey, Chairman, GB Tech Hub Steering Committee. (Photo courtesy of KeeniMedia)

June 20th-22nd, The Grand Lucayan Conference Centre

Freeport, Grand Bahama - The age of the internet has given rise to increased access to information, shifting the way that we all interact. Technology has, and continues to connect us in ways previously unseen; and in doing so, has paved the way for even more advanced methods of conducting business, managing resources and plotting global economic development.

In recent years, a newly crafted resource dubbed blockchain technology – an incorruptible digital ledger of economic transactions that can be programmed to record everything of value – has further revolutionized the way world economies grow. Originally designed to facilitate the effective use of digital currency, it has evolved into the backbone of a new internet culture which governments around the world – including The Bahamas –  are working to capitalize on.

“We are thinking about the way forward,” explained Minister of Grand Bahama, Senator Kwasi Thompson during the launch of the event’s website and press conference on Thursday in Grand Bahama. “We want The Bahamas to be part of that discussion. And we anticipate this conference will serve to present Freeport, Grand Bahama as the ideal location to establish offices and global headquarters for new technology companies.”

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Omar Isaacs of the Investment Relations Unit in the Office of The Prime Minister on Grand Bahama welcomes invited guests, government officials and members of the GB business community to the launch announcement of the Bahamas Blockchain & Cryptocurrency Conference held at the Pelican Bay resort on Thursday, May 24, 2018. (Photo courtesy of KeeniMedia)

Thompson joined members of government, the President of the Grand Bahama Port Authority, local Immigration Representatives, GB Business stakeholders to unveil plans by his government to introduce the use of blockchain and cryptocurrency technology to the island’s digital strategy.

During June 20th to 22nd, 2018 Grand Bahama Island will serve as the backdrop for the first ever Bahamas Blockchain & Cryptocurrency Conference (BBCC) which organizers are anticipating will attract the best and brightest in the crypto industry to the country.

This event came about due to the recommendations from the Grand Bahama Tech Hub Committee that was formed after the GB Tech Summit last year in Grand Bahama.  Headed by Donovan Moxey, organizers of this event are expecting over a thousand international investors, entrepreneurs, wealth management executives, Bahamas Government officials, and business leaders.  These ‘Tech Heads” will travel both locally and internationally to network and gain a better insight into the regulatory framework that The Bahamas has established for cryptocurrencies, ICOs and exchanges. It is also expected that many will travel to see the selected “40 Stars of Technology” in the Blockchain and Cryptocurrency arena present their innovative investment opportunities.

During the launch, Moxey launched the BBCC Website live to the guests and to the world via live Facebook feed on the conference page.  “The focus of this event is to invite investors and entrepreneurs who are developing Blockchain solutions, to come to Grand Bahama and our country. I am very pleased that this Government and the Prime Minster himself is leading the charge of this event,” he noted. “The Bahamas will unveil their rules and regulations for crypto currency at BBCC, but you need to be here, the Prime Minister will be here, and so if you want access to decision makers in the Bahamas government, you want to be here and you want to pre-register now for #BBCC.”

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Minister of GB Senator Kwasi Thompson addresses Press Conference to announce the launch of the Bahamas Blockchain & CryptoCurrency Conference to be held in Freeport on June 20-22 2018. (Photo courtesy of KeeniMedia)

Focusing on key parameters such as the need for legislative adjustments, capital funding and global investment, the launch of the conference is further in line with an agenda set by the Minnis administration to promote the city of Freeport as a digital hub, catering to new and innovative technical markets.

“This is truly a defining moment for the future of the Grand Bahama Economy,” said Senator Thompson. “The government is pleased to be spearheading this initiative and paving the way for a real digital revolution which will undoubtedly impact the lives of Bahamians in a positive way.”

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