Bahamas central bank draws up crypto asset regulations
Strict new guidelines will be applied to banks for customers wishing to trade and hold new instrument
The Central Bank of the Bahamas has a proposed a new regulatory framework for crypto assets after it claimed current frameworks were too “fragmented” to properly manage risks.
“The central bank intends to take an approach which aligns with best practices on oversight of crypto instruments,” the regulator says in a consultative document published on November 7.
In creating the new regulations, the central bank has focused on the use cases of crypto assets and will design or alter current
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