Bahamas to Introduce Regulatory Framework For Cryptocurrency Exchanges and ICOs

Alex Dovbnya
Bahamas tech hub chairman Dr. Donovan Moxey claims that a set of regulations for cryptocurrency exchanges and ICOs will be ready as early as in October
Bahamas to Introduce Regulatory Framework For Cryptocurrency Exchanges and ICOs
Cover image via U.Today

Bahamas tech hub chairman Dr. Donovan Moxey claims that a set of regulations for cryptocurrency exchanges and ICOs will be ready as early as October, Bahamas Tribune reports.   

The Bahamas officials are closely cooperating with the technology hub committee by currently working on new rules and regulations. Moxey also adds that the government is developing a new type of work visa, which would allow foreign companies to seamlessly operate in the country.

According to the chairman, the tech industry is “very impatient” when it comes to regulations, so they have to act decisively in order to keep crypto businesses that are flocking to them so that the world’s “next Facebook” could start in the Bahamas.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.