Crypto is giving a lot of smaller countries that have trouble generating revenue a way to rebrand and, well, generate revenue.

This is why the Maldives, which is really struggling to make money and be profitable, is considering becoming a crypto hub.

Now, Nauru, a western Pacific Island in Micronesia, one of the smallest countries in the world, is considering setting up a crypto... situation.

Let's call it that.

The island is 21 square kilometres and has a population of 12,500 people.

Crypto is already legal in Nauru, but the country wants to do more.

The first step was to set up a government branch to keep an eye on crypto, by which I mean they want to see whether they want to invest in it, become a crypto hub, welcome crypto firms, and so and so forth.

Ideally, one day, they become like a crypto tax haven or something.

I should go visit.