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.
Bahamas to Introduce Regulatory Framework For Cryptocurrency Exchanges and ICOs
Advertisement
Advertisement
Related articles
News
Oct 29, 2024 - 14:32
39 Million SHIB in 24 Hours? Yet Shiba Inu Price Skyrockets 10%
News
Oct 29, 2024 - 13:56
Bitcoin Price Eruption to Lead Toward $84,200, Says Top Analyst
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox