Economy & Business - February 2023

THE BAHAMAS: Economics of a crypto blowout

If you are a small Caribbean Island jurisdiction which is heavily reliant on tourism, the arrival of a multi-billion dollar crypto exchange, bringing in new revenues and firing up the local tech start-up community sounds like it has to be a good thing. But if that exchange is called FTX and it goes bankrupt in spectacular fashion, the calculation of costs and benefits begins to look rather different.

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