Bahamas shores up digital asset loopholes with DARE Act, 2 years after FTX implosion
In the fall of 2021, the FTX exchange moved operations to the Bahamas, a move the Prime Minister described as “proof that we are headed in the right direction.” However, the island nation’s laws were found wanting as the exchange stole billions from investors. Its new law seeks to prevent another FTX implosion. Known as…