The Securities Commission of The Bahamas has published the DARE Bill 2023, which aims to update the regulatory framework for digital assets and registered exchanges. The proposed bill expands the scope of regulated activities to include digital asset management, advising, and derivative services. It also introduces a disclosure regime for digital asset staking and sets regulations on exchanges’ systems and controls, initial token offerings, and custodial wallets. The bill prohibits the issuance of algorithmic stablecoins and privacy tokens, and addresses non-fungible tokens, liquidity requirements, mining, and conflict resolution. The consultation period for the bill ends on May 31, and the SCB is targeting implementation by the end of Q2 2023. The new legislation aims to align with The Bahamas’ commitment to promoting innovation within a well-regulated environment.
US district judge refers FTX independent examiner issue to appellate court
A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...
