OasisOnChain Summit in The Bahamas: Insights and Takeaways
A Three-Day Summit on Consumer Crypto, Culture, and Co-Creation
I recently attended the OasisOnChain summit in The Bahamas, a three-day event that brought together entrepreneurs, engineers, advocates, experts, Digital Asset Licensing Lawyers, and Investors to discuss consumer crypto, culture, and co-creation. The summit was held at Crypto Isle, a Tech Coworking and Community Hub space. I had the opportunity to learn a great deal and further consolidate some relationships I’ve had with the community for about two years.
What I Learned
Here are the key takeaways from my experience at the summit:
- The Bahamian Government has moved to upgrade their D.A.R.E Act Digital Assets Legislation to prevent instances of fraud and to reframe beyond crypto exchange businesses.
- There is a significant uptick in global interest and registration for companies to have their Digital Assets related business, registered in the Bahamas.
- Entrepreneurial Millennials are leading ecosystem development in Fintech, Blockchain, and Crypto, seeking to diversify away from being Tourism dependent, but that culture is nascent but growing.
- FX Controls is more stringent than Jamaica and Trinidad and not particularly friendly to Bahamians.
Wind at Their Back
The Bahamas, which has been a leader in Digital Assets Legislation and Business Culture, now has the wind at their backs, especially with America recognizing Bitcoin ETFS. Additionally, Alphabet has announced the inclusion of certain cryptocurrency products within its Google advertising network, effective January 29. This announcement marks a potential turning point for mainstream acceptance of digital assets and signals renewed confidence within the financial sector.
Further, global ownership of digital assets grew by 34% in 2023, with the user base growing from 432 million in January to 580 million by the end of the year. In the Caribbean, there were 214,000 Crypto owners in 2022.
Tech Ecosystem Builders & Leaders to Check Out
If you’re in Nassau, be sure to check out the following tech ecosystem builders and leaders:
- Crypto Isle – Davinia Bain & Dr Jillian Bethel
- Caribbean Blockchain Alliance – Stefen Deleveaux
In the words of Stefen Deleveaux, Founder of the OasisOnChain Summit:
“We have an opportunity to impact the Bahamas from the bottom and the top with crypto” Oasis is picking up the pieces in the wake of FTX and shining a light on the Bahamas
Conclusion
The OasisOnChain summit provided valuable insights into the current state of consumer crypto, culture, and co-creation in The Bahamas. The country’s efforts to upgrade its digital assets legislation and its growing interest in blockchain and cryptocurrency technology are significant developments that could have far-reaching implications for the region and the world at large.
FAQs
Q: What is OasisOnChain?
A: OasisOnChain is a three-day summit on consumer crypto, culture, and co-creation.
Q: Who attended the summit?
A: The summit was attended by entrepreneurs, engineers, advocates, experts, Digital Asset Licensing Lawyers, and Investors.
Q: What are the key takeaways from the summit?
A: The key takeaways include the Bahamian Government’s efforts to upgrade its digital assets legislation, the growing interest in blockchain and cryptocurrency technology, and the potential for entrepreneurial millennials to lead ecosystem development in Fintech, Blockchain, and Crypto.
Q: Who are the tech ecosystem builders and leaders to check out?
A: The tech ecosystem builders and leaders to check out include Crypto Isle, Caribbean Blockchain Alliance, and Stefen Deleveaux, Founder of the OasisOnChain Summit.