{"id":162663,"date":"2022-11-18T16:05:29","date_gmt":"2022-11-18T20:05:29","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=162663"},"modified":"2022-11-18T16:19:52","modified_gmt":"2022-11-18T20:19:52","slug":"eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/","title":{"rendered":"ECCB Encourages Public to Exercise Due Diligence Before Investing Crypto Assets"},"content":{"rendered":"
\"\"<\/a><\/div>
\"\"<\/a><\/div>

The Eastern Caribbean Central Bank (ECCB) is aware of the recent collapse of FTX
\n(registered as FTX Digital Markets Ltd) headquartered in The Bahamas, which was
\nreported to be a significant player in the crypto space.<\/p>

\"\"<\/a><\/div>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

The Securities Commission of The Bahamas has since suspended the registration of this
\nentity and appointed provisional liquidators for FTX Digital Markets Ltd.<\/p>\n

 <\/p>\n

Regulatory action by the Securities Commission of The Bahamas is ongoing. This has not been the first significant fallout in the crypto space this year.<\/p>

\"\"<\/a><\/div>
\"\"<\/a><\/div>\n

 <\/p>\n

In light of these unfortunate events, the ECCB encourages the public to exercise due
\ndiligence and to be mindful of the high level of risk crypto-assets present.<\/p>

\"\"<\/a><\/div>\n

 <\/p>\n

Crypto-assets are inherently volatile and speculative. As such, consumers should be aware of the risk of the loss of their investment, fraud and cyber-attacks, especially in jurisdictions where the sector is unregulated.<\/p>\n

 <\/p>\n

A list of regulated entities can be found on the websites of the national regulators in each of the ECCB member countries.<\/p>

\"\"<\/a><\/div>\n

 <\/p>\n

Websites of ECCU National Regulators<\/p>\n

 <\/p>\n

Anguilla – https:\/\/www.fsc.org.ai\/
\nAntigua and Barbuda – https:\/\/www.fsrc.gov.ag\/<\/p>

\"\"<\/a><\/div>\n

 <\/p>\n

Commonwealth of Dominica – https:\/\/fsu.gov.dm\/<\/p>

\"\"<\/a><\/div>\n

Grenada – https:\/\/www.garfin.gd\/
\nMontserrat – https:\/\/www.fscmontserrat.org\/<\/p>\n

 <\/p>\n

Saint Christopher and Nevis- (1) https:\/\/www.fsrc.kn\/ (2) https:\/\/www.nevisfsrc.com\/
\nSaint Lucia https:\/\/fsrastlucia.org\/
\nSaint Vincent and the Grenadines – https:\/\/svgfsa.com\/<\/p>\n

 <\/p>\n

 <\/p>\n

About the Eastern Caribbean Central Bank<\/p>\n

 <\/p>\n

The Eastern Caribbean Central Bank (ECCB) was established in October 1983. The ECCB is the Monetary Authority for:<\/p>\n

 <\/p>\n

Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis,<\/p>\n

 <\/p>\n

Saint Lucia and Saint Vincent and the Grenadines.
\nMedia Contact: Shermalon Kirby, Acting Director, Corporate Relations Department
\nPhone: (869) 465-2537 | Fax: (869) 465-9562<\/p>\n

 <\/p>\n

E-mail: info@eccb-centralbank.org | Website: www.eccb-centralbank.org<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The Eastern Caribbean Central Bank (ECCB) is aware of the recent collapse of FTX (registered as FTX Digital Markets Ltd) headquartered in The Bahamas, which was reported to be a significant player in the crypto space.         The Securities Commission of The Bahamas has since suspended the registration of this entity and […]<\/p>\n","protected":false},"author":3,"featured_media":10870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-162663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nECCB Encourages Public to Exercise Due Diligence Before Investing Crypto Assets - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECCB Encourages Public to Exercise Due Diligence Before Investing Crypto Assets\" \/>\n<meta property=\"og:description\" content=\"The Eastern Caribbean Central Bank (ECCB) is aware of the recent collapse of FTX (registered as FTX Digital Markets Ltd) headquartered in The Bahamas, which was reported to be a significant player in the crypto space.         The Securities Commission of The Bahamas has since suspended the registration of this entity and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-18T20:05:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-18T20:19:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/01\/cryptocurrencies.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"ECCB Encourages Public to Exercise Due Diligence Before Investing Crypto Assets\",\"datePublished\":\"2022-11-18T20:05:29+00:00\",\"dateModified\":\"2022-11-18T20:19:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/\"},\"wordCount\":328,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:800\/h:480\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/01\/cryptocurrencies.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/\",\"url\":\"https:\/\/antiguanewsroom.com\/eccb-encourage-public-to-exercise-due-diligence-before-investing-crypto-assets\/\",\"name\":\"ECCB Encourages Public to Exercise Due Diligence Before Investing Crypto Assets - 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