Cryptocurrency exchange FTX's collapse leaves people in the Bahamas feeling frustrated after initial hope for its future, with one bishop turning to song to express his feelings.
abc.net.au/news/bahamas-tries-to-turn-page-after-ftx-crypto/101836800On a December night in the Bahamas, Bishop Lawrence Rolle belts out the lyrics to his latest hit song for the hundreds of children and adults gathered to celebrate Christmas.Bahamians are trying to figure out what is next for their country after the collapse of FTX
Bishop Rolle — a Pentecostal preacher known as the "singing bishop" — is a prominent figure in the Bahamas. There was a belief that crypto would allow the island to diversify its economy, create more financial opportunities and help provide a more-prosperous future.The Bahamas enacted the Digital Assets and Registered Exchanges Act in 2020, making it one of the first countries to put together a regulatory framework for cryptocurrencies and other digital assets.
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