FTX Fiasco Leads Bahamas to Propose a Stronger Crypto Rulebook

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The Bahamas plans to tighten crypto regulations that were tarnished by the collapse of the FTX exchange, which was based on the island nation along with the platform’s fallen founder Sam Bankman-Fried.

The Securities Commission of the Bahamas invited feedback on the proposed changes to the Digital Assets and Registered Exchanges Act. Its goals include strengthening financial and reporting requirements for crypto businesses.

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