The Bahamas 'Dares' Again 1.5 Years After FTX Collapse, Brings in New Crypto Law
Powered by @unfoldedThe Bahamas parliament has passed The Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) to tighten crypto laws.
The law was introduced after the collapse of cryptocurrency exchange FTX, which was headquartered in the Bahamas.
DARE 2024 includes comprehensive reforms to address the evolving landscape of digital assets and cryptocurrency markets.
The law introduces increased investor and consumer protection requirements, new disclosure and financial reporting requirements, and a comprehensive stablecoin framework.