The Bahamas is issuing cryptocurrency regulations to fight fraudulent ICOs

Regulators from all over the world have been waking up to cryptocurrency regulation this year and it seems the Bahamas are the latest to open their eyes. The Central Bank of the Bahamas (CBOB) has published a regulatory framework in preparations to integrate cryptocurrency-based assets into its financial services industry, according to the Nassau Guardian. The framework seeks to address many of the regulatory challenges the CBOC currently associates with the use of cryptocurrencies such as tax evasion, market volatility, fraudulent initial coin offerings (ICOs), and anti-money laundering policies. The CBOB believe the cryptocurrency industry’s approach to international regulation is…

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