The Bahamas, once home to FTX_official, is seeking to toughen its crypto laws. jackschickler reports
Under the new law, “operators of a digital asset exchange must ensure the systems and controls used in its activities are adequate and appropriate for the scale and nature of its business,” theIt will also bring in a “new and comprehensive regulatory framework for stablecoins”
which seek to fix their value to other assets such as fiat currency, after the dramatic collapse of terraUSD last year, and extend to cover crypto services such as advice, derivatives, and crypto staking, and also include non-fungible tokens that are classed as financial assets.
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