The Bahamas parliament has approved The Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) in an attempt to strengthen its cryptocurrency regulations following the collapse of FTX, which was based in the country. The Securities Commission of The Bahamas announced the passing of the new crypto law on Tuesday, which comes after the November 2022 bankruptcy of FTX. The law is aimed at regulating digital assets and registered exchanges in the island-nation.
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Bahamas Tightens Crypto Laws with DARE 2024 After FTX Collapse
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