Summary: Authorities in the Bahamas are working on drafting and implementing improved laws to govern crypto businesses in the country. The move comes months after FTX, a major crypto exchange domiciled in the Bahamas, collapsed and wiped out tens of millions in investments. FTX’s crash became a lightning rod for regulators who favor regulations that boot out crypto from the broader financial system. Bahamas regulators are in the process of redrafting crypto regulations to impose stricter policies and protect investors
