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SushiSwap to Propose Tokenomics Changes to Promote Uniswap v3 Adoption; Bahamas Calls for Tougher Regulation to Curb FTX-Like Situations; Circle Activates Protocol for Stablecoin Transfers Between Ethereum and Avalanche
In a way to show it has learnt from the collapse of FTX Derivatives Exchange, the Securities Commission of the Bahamas (SCB) has introduced a whole new set of rules that will strictly guide the activities of Virtual Assets Service Providers (VASPs) looking to do business on its shores.
The Securities Commission of The Bahamas (SCB) released a statement late on Jan. 2 seeking to correct “material misstatements” by John Ray III, who was appointed CEO of FTX following founder Sam Bankman-Fried’s resignation in November.