{"id":167285,"date":"2022-11-28T06:00:00","date_gmt":"2022-11-28T11:00:00","guid":{"rendered":"https:\/\/www.ict-pulse.com\/?p=167285"},"modified":"2022-11-27T14:36:59","modified_gmt":"2022-11-27T19:36:59","slug":"roundup-for-the-week-ending-27-november-2022","status":"publish","type":"post","link":"https:\/\/ict-pulse.com\/2022\/11\/roundup-for-the-week-ending-27-november-2022\/","title":{"rendered":"Roundup: for the week ending 27 November 2022"},"content":{"rendered":"\n

A roundup of the latest ICT\/technology news from across the Caribbean region for the period Monday 21 November to Sunday 27 November 2022.<\/em><\/p>\n\n\n\n

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Monday, 21 November 2021<\/h3>\n\n\n\n

$1m Sand Dollar hand out aims to boost usage<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 THE CENTRAL Bank plans to hand out $1m worth of its Sand Dollar digital currency throughout the Family Islands next year in a bid to encourage greater adoption by residents and businesses\u2026 more<\/a><\/p>\n\n\n\n

DID FTX BREACH FREEZE ORDER? Filing for bankruptcy could have violated Supreme Court ruling<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Fears have been voiced that FTX\u2019s co-founder violated a Bahamas Supreme Court Order when he placed some 134 group entities under Chapter 11 bankruptcy protection in Delaware\u2026 more<\/a><\/p>\n\n\n\n

FNM: Govt needs to show transparency over FTX<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 THE Free National Movement yesterday doubled down on calls for government transparency in the aftermath of the FTX collapse, with its chairman Dr Duane Sands insisting the Davis administration must be seen to want to urgently get to the bottom of the situation\u2026 more<\/a><\/p>\n\n\n\n

FTX\u2019s fall \u2018won\u2019t ruin\u2019 high-end real estate<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Bahamian realtors believe the FTX crypto currency exchange\u2019s implosion will not \u201cruin\u201d western New Providence\u2019s high-end property market as bargain hunters start to circle its $74m worth of holdings\u2026 more<\/a><\/p>\n\n\n\n

FTX owes top 50 creditors $3 bil.<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 FTX owes its top 50 creditors over $3 billion, according to recent court filings in Delaware\u2026 more<\/a><\/p>\n\n\n\n

Hearing for FTX Chapter 15 transfer set for tomorrow<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 A\u00a0Delaware judge who is overseeing the Chapter 11 bankruptcy case of FTX US, will hear arguments tomorrow over whether the Chapter 15 bankruptcy proceeding in New York, which was initiated by FTX Bahamas\u2019 liquidators, should be transferred to his court\u2026 more<\/a><\/p>\n\n\n\n

No credit or asset exposure to FTX, says Deltec<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Deltec Bank and Trust Limited, one of the largest financial institutions in The Bahamas, said in a statement on its website last week that it has no credit or asset exposure to collapsed cryptocurrency exchange FTX\u2026 more<\/a><\/p>\n\n\n\n

Pintard: \u2018It\u2019s too early to tell\u2019 on DARE reform post-FTX<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 THE Opposition\u2019s leader says it is still too early to determine how The Bahamas\u2019 laws and regulations governing the digital assets industry should be reformed following the FTX crypto exchange\u2019s spectacular implosion\u2026 more<\/a><\/p>\n\n\n\n

SCB is too small a regulator for FTX, says due diligence expert<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 FTX had \u201cI told you so\u201d written all over it, Chief Executive Officer of Castle Hall Diligence Chris Addy said last week, adding that regulatory entities as small as the Securities Commission of The Bahamas (SCB) do not have the required manpower to maintain \u201ca fully forensic and vigorously intrusive regulatory environment\u201d\u2026 more<\/a><\/p>\n\n\n\n

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Caribbean countries okay digital agenda<\/h4>\n\n\n\n

Caribbean <\/em>\u2013 The Economic Commission for Latin America and the Caribbean (ECLAC) says countries attending the Eighth Ministerial Conference on the Information Society in Latin America and the Caribbean have approved the Digital Agenda for Latin America and the Caribbean (eLAC 2024) that establishes a set of policy priorities and actions at the regional level for the next two years\u2026 more<\/a><\/p>\n\n\n\n

GTT landline applications reduced from thousands to just over 100 \u2013 Blackburn<\/h4>\n\n\n\n

Guyana <\/em>\u2013 Guyana Telephone and Telegraph\u2019s (GTT\u2019s) Chief Executive Officer (CEO) Damian Blackburn says thousands of pending landline applications have been reduced to just over 100\u2026 more<\/a> <\/p>\n\n\n\n

GTT launches mega Christmas promotion<\/h4>\n\n\n\n

Guyana <\/em>\u2013 GTT last week launched its Christmas Promotion themed \u201cTis the Season to DRIVE\u201d\u2026 more<\/a><\/p>\n\n\n\n

A blitzkrieg of ransomware<\/h4>\n\n\n\n

Trinidad and Tobago <\/em>\u2013 Between November first and third, the American Chamber of Commerce in Trinidad held its annual HSSE awards event, but in a room off to the side of the main health and safety conversations and awards, a small group of IT professionals talked cybersecurity\u2026 more<\/a> <\/p>\n\n\n\n

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Tuesday, 22 November 2021<\/h3>\n\n\n\n

Cable chief optimistic $2.8m profit is trend<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Cable Bahamas\u2019 top executive is voicing optimism that $2.8m first quarter profits represent the start of a trend with its fibre network set to cover all New Providence \u201con a home pass basis\u201d by year-end 2023\u2026 more<\/a><\/p>\n\n\n\n

Central Bank has received info on financial system\u2019s FTX exposure<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Central Bank Governor John Rolle yesterday confirmed that the regulator had requested and received information from bank and trust companies regarding their exposure to FTX\u2026 more<\/a><\/p>\n\n\n\n

EDITORIAL: The two stories of the FTX collapse<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 THE story of the collapse of FTX, the crypto exchange that so spectacularly fell apart, is one that is divided into two parts\u2026 more<\/a><\/p>\n\n\n\n

FTX bankruptcy jeopardizes Bahamas\u2019 digital assets hub dream, says lawyer<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 While Prime Minister Philip Brave Davis insists The Bahamas\u2019 reputation will survive the FTX fallout, Partner in law firm Berliner Corcoran and Rowe LLP Bruce Zagaris told the Wall Street Journal (WSJ) in a recent interview that the cryptocurrency exchange\u2019s bankruptcy has jeopardized this country\u2019s move to become a leading digital assets hub\u2026 more<\/a><\/p>\n\n\n\n

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Mitchell: Nothing unusual about FTX collapse<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Responding to criticism over the collapse of The Bahamas-based cryptocurrency exchange FTX, Minister of Foreign Affairs Fred Mitchell, who also serves as chairman of the Progressive Liberal Party (PLP), assured party supporters yesterday that there is nothing unusual about it and that the Americans \u201ccan\u2019t talk\u201d about scandals\u2026 more<\/a><\/p>\n\n\n\n

Moody\u2019s on FTX: better accounting, disclosures rules are needed<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 The cryptoassets sector is in need of improved accounting standards and strong disclosure rules, credit ratings agency Moody\u2019s wrote in its latest Credit Outlook report, speaking on the collapse of cryptocurrency exchange FTX\u2026 more<\/a><\/p>\n\n\n\n

NOT TO MY KNOWLEDGE: PM says PLP received no campaign financing from FTX<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Prime Minister Philip Davis said yesterday that to his knowledge the Progressive Liberal Party (PLP) received no campaign financing or funding from FTX, assuring that the government has no exposure to the collapsed crypto company\u2026 more<\/a><\/p>\n\n\n\n

PM: Critics of Bahamas over FTX are \u2018unfair\u2019<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 AS he expressed concern about The Bahamas suffering reputational damage because of FTX\u2019s implosion, Prime Minister Philip \u201cBrave\u201d Davis branded criticisms levelled at the country in the international media as an \u201cunfair\u201d characterisation\u2026 more<\/a><\/p>\n\n\n\n

PM: PLP got no money from FTX<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 The Progressive Liberal Party (PLP) received no money from FTX, Prime Minister Philip Davis said yesterday, adding that recent criticism of The Bahamas following the collapse of the Bahamas-headquartered crypto currency giant have been an \u201cunfair characterization\u201d\u2026 more<\/a><\/p>\n\n\n\n

Thousands use Sand Dollars during Jollification event<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 About 5,000 Jollification attendees used the central bank digital currency (CBDC) Sand Dollar to pay for their entrance into the festival, Suncash representative Lori Russell told Guardian Business yesterday, adding that while some vendors have become comfortable with Sand Dollar use, some are still reluctant\u2026 more<\/a><\/p>\n\n\n\n

Galt: Digital transformation is here to stay<\/h4>\n\n\n\n

Trinidad and Tobago <\/em>\u2013 Group Chief Information Officer of ANSA McAL Ian Galt says digital transformation is here to stay\u2026 more<\/a><\/p>\n\n\n\n

New online ticket provider launches<\/h4>\n\n\n\n

Trinidad and Tobago <\/em>\u2013 As the world moves quickly in adapting to digital platforms, EBOXTICKETS has emerged onto the market, allowing people to secure online event tickets\u2026 more<\/a> <\/p>\n\n\n\n

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Wednesday, 23 November 2021<\/h3>\n\n\n\n

CUB chairman named as director amidst FTX fallout<\/h4>\n\n\n\n
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Antigua and Barbuda<\/em> \u2013 The former Chairman of the Caribbean Union Bank (CUB) and Antiguan ambassador Arthur G.B. Thomas has been named as one of the Directors in the crypto currency exchange company, FTX Trade\u2026 more<\/a><\/p>\n\n\n\n

\u2018Lack of understanding of business model\u2019 saved A&B from damages of FTX fallout<\/h4>\n\n\n\n

Antigua and Barbuda<\/em> \u2013 \u201cPrudence\u201d is what Prime Minister Gaston Browne has said prevented financial regulators in Antigua and Barbuda from moving ahead with licensing cryptocurrency exchange company, FTX Trade\u2026 more<\/a><\/p>\n\n\n\n

Digital provider facilitates over $200m in payments<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 A BAHAMIAN digital payments provider yesterday said it has processed more than $200m in transactions since its launch after expanding to a 35,000- strong user base\u2026 \u00a0more<\/a><\/p>\n\n\n\n

SCB to recoup costs from FTX for safeguarding digital assets<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 The Securities Commission of The Bahamas\u2019 (SCB) latest statement, released late Monday night, explains the regulator\u2019s intent to recoup any costs it incurs from operating a digital wallet holding cryptocurrency exchange FTX\u2019s assets for safekeeping\u2026 more<\/a><\/p>\n\n\n\n

FTX\u2019s $130 million real estate spree<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 Bahamas-headquartered FTX, its former CEO Sam Bankman-Fried and other company associates\u00a0spent more than $130\u00a0million\u00a0on real estate in The Bahamas since 2020, according to documents\u2026 more<\/a><\/p>\n\n\n\n

FTX Chapter 15 petition transferred to Delaware<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 FTX US revealed yesterday that an agreement was reached with the Bahamian appointed joint provisional liquidators to transfer their Chapter 15 bankruptcy petition in New York to Delaware and that it hopes to engage in constructive dialogue with the liquidators in the future\u2026 more<\/a><\/p>\n\n\n\n

FTX SPENT $300M ON PROPERTY BUYS: Court documents reveal valuation of real estate spree<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 A Bahamian realtor yesterday estimated that the collapsed FTX crypto currency exchange spent $250m and \u201cprobably more\u201d on acquiring New Providence real estate, adding: \u201cIt was great while it lasted.\u201d \u2026 more<\/a><\/p>\n\n\n\n

S&P: \u2018No material effect\u2019 for Bahamas from FTX<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 Standard & Poor\u2019s (S&P) yesterday gave The Bahamas \u201cbreathing room\u201d by maintaining its existing sovereign credit rating while predicting that FTX\u2019s implosion will have \u201cno material adverse impact\u201d for the country\u2026 more<\/a><\/p>\n\n\n\n

S&P upholds Bahamas\u2019 rating, concerned about FTX\u2019s impact<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Credit rating agency Standard and Poor\u2019s (S&P) has affirmed The Bahamas\u2019 credit rating at B+ and its outlook as stable in its latest credit opinion report on this country. It explained that the stable outlook also supposes no adverse impact on the country, especially from the recent collapse of locally headquartered cryptocurrency exchange FTX Digital Markets\u2026 more<\/a><\/p>\n\n\n\n

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Ebanks: Data protection a priority in national ID roll-out<\/h4>\n\n\n\n

Cayman Islands <\/em>\u2013 As Innovation Minister Andr\u00e9 Ebanks gets set to pilot the legal framework for a national identification card and digital identity register, he stressed that data security and protection are of high importance\u2026 more<\/a><\/p>\n\n\n\n

Managing risks associated with the use of artificial intelligence<\/h4>\n\n\n\n

Jamaica<\/em> \u2013 MANY organisations now use artificial intelligence (AI) to enhance product and service delivery. One common example is the use of natural language processing to answer customer queries. This form of technology uses AI to respond to customer queries without the assistance of humans\u2026 more<\/a><\/p>\n\n\n\n

Turning hurdles into opportunities \u2014 the AIS journey<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 STARTING a technology-based business can sometimes seem like a daunting task \u2014 between finding capital, securing permits and finding the right staff many entrepreneurs get frustrated and often decide to throw in the towel\u2026 more<\/a> <\/p>\n\n\n\n

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Thursday, 24 November 2021<\/h3>\n\n\n\n

Bahamas \u2018under attack\u2019: Do more to combat FTX<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 A former finance minister yesterday argued that not enough is being done to protect The Bahamas\u2019 integrity – and that of its entire financial services industry – which is \u201cunder attack\u201d from all sides over FTX\u2019s implosion\u2026 more<\/a><\/p>\n\n\n\n

FTX collapse<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 EDITOR, The Tribune.\u00a0 This past week has been one of the most eventful for a long time if not years – yes, FTX alone saw us googling and reading so much that we saturated our minds and thoughts. Ask ten people their opinion and you will get 12 opinions or more\u2026 more<\/a><\/p>\n\n\n\n

Minnis: Govt needs to give answers over FTX<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 FORMER Prime Minister Dr Hubert Minnis has insisted there are many FTX-related questions that need answers by the Davis administration\u2026 more<\/a><\/p>\n\n\n\n

MPs answer on whether they had FTX investments<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 SEVERAL members of Parliament yesterday said they had no FTX investments, while one confirmed receiving a donation from the collapsed crypto exchange firm\u2026 more<\/a><\/p>\n\n\n\n

Regulator fires back at FTX US<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 The Securities Commission of The Bahamas (SCB) last night fired back at the representatives of FTX US who have continued to raise concern over the commission\u2019s decision to transfer some of FTX\u2019s assets to a digital wallet SCB controls\u2026 more<\/a><\/p>\n\n\n\n

Securities Commission defends FTX Digital Markets asset transfer<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 The Securities Commission of The Bahamas (SCB) last night defended its decision to transfer all digital assets of FTX into digital wallets under its control for the benefit of clients and creditors of FTX Digital Markets\u2026 more<\/a><\/p>\n\n\n\n

3 ways TikTok can hurt your business<\/h4>\n\n\n\n

Caribbean <\/em>\u2013 Now, I know what you are thinking. Everybody and their mother is telling you that right now you should be on TikTok maximising its insane organic reach\u2026 more<\/a><\/p>\n\n\n\n

Cybersecurity critical to digital resilience in Guyana \u2013 PM Phillips<\/h4>\n\n\n\n

Guyana <\/em>\u2013 Prime Minister, Brigadier (Ret\u2019d), Mark Phillips on Wednesday said that the Government recognises that digital resilience is pivotal to sustained economic and social development in the rapid expansion of information technology and the digital network transformation era\u2026 more<\/a><\/p>\n\n\n\n

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TelEm Fiber, Sol Antilles launch Fuel the Season Campaign.<\/h4>\n\n\n\n

Sint Maarten <\/em>\u2013 TelEm Fiber staff were on the forecourt of the Sol Antilles gas stations in Point Blanche and Sucker Garden Road Wednesday, inviting customers to sign up to join St. Maarten\u2019s premier fiber cable network and the chance to win one year of Triple Play service and ANG 4,000 gas\u2026 more<\/a><\/p>\n\n\n\n

TelEm Group CEO thanks police for dedicated work in the SXM community.<\/h4>\n\n\n\n

Sint Maarten <\/em>\u2013 TelEm Group CEO, Mr. Kendall Dupersoy, was full of praise for the St. Maarten police force and the work they do in the community, during a sponsored lunch at the police station in Philipsburg Monday. The lunch was organized by the Mental Health Awareness foundation to mark November as Men\u2019s Mental Health Awareness Month and International Men\u2019s Day which fell on the following day, November 19, 2022\u2026 more<\/a><\/p>\n\n\n\n

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Friday, 25 November 2021<\/h3>\n\n\n\n

AG says govt did not seize assets from FTX<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 ATTORNEY General Ryan Pinder denied on Friday that the government seized any assets from FTX Digital Markets, cautioning individuals not to spread \u201cfake news\u201d\u2026 more<\/a><\/p>\n\n\n\n

Halkitis: Crypto exchange OKX committed to Bahamas<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Minister of Economic Affairs Michael Halkitis said in a statement that the world\u2019s second largest cryptocurrency exchange OKX is committed to growing the digital assets space in The Bahamas\u2026 more<\/a><\/p>\n\n\n\n

Sir Franklyn: FTX is \u2018not our first rodeo\u2019<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 A well-known businessman yesterday urged the Bahamas to \u201cstand united\u201d in the face of FTX\u2019s implosion as he blasted the Opposition\u2019s leader for trying to \u201cscore cheap political brownie points\u201d over the affair\u2026 more<\/a><\/p>\n\n\n\n

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TechBeach Retreat still committed to Caribbean tech ecosystem<\/h4>\n\n\n\n

Caribbean<\/em> \u2013 FOUNDERS of TechBeach Retreat Kirk-Anthony Hamilton and Kyle Maloney are confident that the return of the conference to the shores of Jamaica will drive the organisation’s mission of accelerating digital transformation in the Caribbean and driving investment and partnership in the region’s technology sector\u2026 more<\/a><\/p>\n\n\n\n

Myers-Gray to revolutionise payments industry with launch of ECHE Limited<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 Lititia Myers-Gray has signed an equity deal with Proven Group Limited through its wholly owned company Proven Investments Holding Limited to form ECHE Limited, a strategic solutions company in the payments industry\u2026 more<\/a><\/p>\n\n\n\n

Grenadines Schools Dominate Icode784 Competition<\/h4>\n\n\n\n

Saint Vincent and the Grenadines <\/em>\u2013 Telecommunications Regulatory Commission\u2019s (NTRC) icode784 competition concluded on November 18, with the Union Island Secondary School (UISS) and Canouan Secondary School taking the \u2018Secondary Idea\u2019 and \u2018Secondary Mobile Application\u2019 categories respectively\u2026 more<\/a><\/p>\n\n\n\n

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Saturday, 26 November 2022<\/h3>\n\n\n\n

AG to outline government\u2019s position and response to FTX collapse in national address<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 Attorney General Ryan Pinder is set to deliver an address outlining the government\u2019s position and response to the FTX collapse on Sunday\u2026 more<\/a> \u00a0<\/p>\n\n\n\n

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Sunday, 27 November 2022<\/h3>\n\n\n\n

98 girls complete ICT programme<\/h4>\n\n\n\n

Guyana <\/em>\u2013 Ninety-eight girls yesterday graduated from an online Guyanese Girls Code Information and Communication Technology (ICT) programme that was conducted by the Office of the Prime Minister\u2019s Industry and Innovation Unit in collaboration with the University of Guyana\u2026 more<\/a><\/p>\n\n\n\n

The whole country will be able to access broadband internet via satellite<\/h4>\n\n\n\n

Haiti<\/em> \u2013 The Company Resscop & Delaporte, Inc. announce that SpaceX\/Starlink has officially been registered in Haiti as “Starlink Haiti S.A.” and has obtained a homologation permit to operate freely in Haiti pursuant to the defined registered Ku-Band and the required frequencies. This permit will allow Starlink to provide wireless broadband internet services to the country of Haiti\u2026 more<\/a><\/p>\n\n\n\n

Genius Digital pushes payments gateway upgrade<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 Recent updates by the global payment associations have called for banks and payment gateways to upgrade their platforms to support the latest security standards and frameworks. This comes as Visa and Mastercard announced their discontinuation of support for 3DS 1, which is the authentication protocol used by most Caribbean banks to process online card transactions\u2026 more<\/a><\/p>\n\n\n\n

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Images credit: journalismthatmatters (flicker); ECLAC<\/a>; Wikipedia<\/a>; Wikipedia<\/a>; Wikipedia<\/a>; Wikpedia<\/a>; Tech Beach<\/a> (Facebook)<\/em><\/p>\n\n\n\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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