FTX CEO Sam Bankman-Fried on decision to move company to Bahamas – The Global Herald – The Global Herald

The Bahamas, known officially as the Commonwealth of The Bahamas, is a country within the Lucayan Archipelago of the West Indies in the Atlantic. It takes up 97% of the Lucayan Archipelagos land area and is home to 88% of the archipelagos population.

The archipelagic state consists of more than 700 islands, cays, and islets in the Atlantic Ocean, and is located north of Cuba and Hispaniola Island (Haiti and the Dominican Republic), northwest of the Turks and Caicos Islands, southeast of the US state of Florida, and east of the Florida Keys.

The capital is Nassau on the island of New Providence. The Royal Bahamas Defence Force describes The Bahamas territory as encompassing 470,000 km2 (180,000 sq mi) of ocean space. The country gained governmental independence in 1973 led by Sir Lynden O. Pindling, with Elizabeth II as its queen.

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FTX CEO Sam Bankman-Fried on decision to move company to Bahamas - The Global Herald - The Global Herald