Bahamas Tightens Crypto Laws with DARE 2024 After FTX Collapse
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple SEC Lawsuit Settlement on June 16: Fact Check
Crypto Trader James Wynn Lost $100M, Says He ‘Lost Control’
Wynn turned $3M into $100M on Hyperliquid using leverage, but fame drove him to risky bets. “I got greedy,” he admitted.
Why ‘Not to Buy’ Circle (CRCL) Stock Despite 168% Pop on Debut; Analyst Explains
Top Daily Gainers: $680M Volume Pushes these coins, What’s Fueling the Pump?
Trending news
MoreCrypto prices
More
