The cryptocurrency exchange FTX was supposed to be the crown jewel of the Bahamian government’s push to be the global destination for crypto. But FTX is bankrupt and Bahamians are trying to figure out what’s next.
“FTX!,” his backup singer and audience scream back. “The money have done gone!”
Rolle had been invited by Kirby Samuel, the principal of Mt. Carmel Preparatory Academy, to sing as part of the school’s Christmas celebration. His act consisted mostly of a half dozen Afro-Caribbean gospel songs, but one number stood out — his social media hit about the recent collapse of FTX. The country enacted the Digital Assets and Registered Exchanges Act in 2020, making the Bahamas one of the first countries to put together a regulatory framework for cryptocurrencies and other digital assets. The prime minister, Philip Davis, participated in the groundbreaking ceremony for FTX’s new $60 million headquarters in Nassau in April, along with Bankman-Fried.
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'The money is gone': Bahamas tries to turn page after FTXThe cryptocurrency exchange FTX was supposed to be the crown jewel of the Bahamian government’s push to be the global destination for all things crypto. Instead, FTX is bankrupt. And Bahamians are trying to figure out what’s next for their country.
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