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
Web3 Watch: EigenLayer announces 86M token airdrop for Season 2
Meanwhile, Euler returns with a V2 launch of its lending protocol
![](https://img.bitgetimg.com/multiLang/image/social/c12085d416e049fb9579d8c2f57de0b61725831908964.jpg)
Sonic blockchain reaches record 720ms finality in testnet phase
Morpho’s Mission: Making Financial Infrastructure A Public Good.
Helium: Crypto Bulls Pump HNT and Mpeppe Casino During Bitcoin’s BTC Downturn
![](https://img.bitgetimg.com/multiLang/image/social/09af077bdb6dcc6a6b4b9a970211b0571725824120153.jpg?fit=460,299)