Bahamas digital asset transactions drop 70% post-FTX collapse

Digital asset transactions in The Bahamas contracted by over 70% in the year following FTX's collapse, with less than 3% of transactions linked to criminal activity in the nearly two years to end-July 2026. The decline reflects the reputational damage and regulatory fallout from FTX, though the low crime rate suggests improved compliance. This matters as it signals a lasting contraction in a jurisdiction once central to crypto markets.