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I guess they didn't knowingly invite scammers, they just provided the regulatory and banking environment to enable scammers and profited from it.
by luckylion 4y ago
I guess they didn't knowingly invite scammers, they just provided the regulatory and banking environment to enable scammers and profited from it.
- rvnx 4y agoBahamas is one of the large international center. So politics are well aware of what is crypto. The politicians in Bahamas cannot even remotely consider that crypto is a scam because it would open the possibility that they get charged by whoever is a victim (e.g. in the US). They will put the blame on FTX and that they are victim, but the problem is not only FTX, it's crypto and greed.
- luckylion 4y agoOh, sure, I mean, a significant part of the Bahamas' economy is based on tax evasion, sidestepping financial regulations, and creating out-of-reach entities for large-scale scams. They know it, their customers know, everyone else knows it. But neither they nor their customers can say so, because that's the name of the game.
- matkoniecz 4y ago"provided the regulatory and banking environment to enable scammers" sounds like "knowingly invite scammers" to me.