“Only well-run, trustworthy, and thriving digital asset businesses, which are able to … sustain the good reputation of The Bahamas, are allowed to operate from the country," says the Bahamian government. Ouch, says WIRED post-FTX https://www.wired.com/story/bahamas-ftx-crypto-party/
FTX Has Wrecked the Crypto Party in Paradise

The digital currency exchange’s stupendous fallout has put local Web3 companies in the Bahamas on the back foot.

WIRED