The Securities Commission of the Bahamas Seeks to Tighten Crypto Laws After FTX’s Collapse

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It will also bring in a “new and comprehensive regulatory framework for stablecoins” which seek to fix their value to other assets such as fiat currency, after the dramatic collapse of terraUSD last year, and extend to cover crypto services such as advice, derivatives, and crypto staking, and also include non-fungible tokens (NFTs) that are classed as financial assets.

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