Bahamas, FTXafter the crisis crypto regulationsto be firmer and more started working.
The FTX crisis last year put the crypto industry in a very difficult situation. After this chain of events, regulators in the US began to increase their pressure on the crypto industry. FTXadjoining the name Bahamasis also preparing for similar studies. Bahamas Securities Commission, crypto of the regulationsplans for further tightening.
Bahamas Focused on Crypto Regulations
Billions of dollars in damage to the crypto industry FTX , was running most of the processes through the Bahamas. Bankrupt and falling into legal processes from FTX Later, the Bahamas reportedly tried to recover tainted crypto regulations. According to the news of Bloomberg, in the focus of the Bahamas crypto-regulations tightenis located.
The Bahamas Securities Commission has begun receiving feedback on proposed changes to the Digital Assets and Registered Exchanges Act. The agency aims to strengthen financial and reporting requirements for crypto organizations.
In the statement from the agency, it was suggested that the reinforcements and revisions to be made could catch more activity. The agency, which also focuses on staking, focuses on a disclosure regime.
The Bahamas also plans to tighten regulatory clarity on issues such as crypto custody, exchanges, stablecoins and NFTs. Also, the agency is considering banning algorithmic stablecoins and privacy tokens.
