According to a document released by the Securities Commission of the Bahamas, the Bahamas plans to introduce a new cryptocurrency bill that includes regulatory measures for stablecoins, PoW mining and cryptocurrency staking. The document also stated that operators of digital asset exchanges must ensure that the systems and controls used in their activities are adequate and appropriate to the scale and nature of their business.
The bill will introduce a "new, comprehensive stablecoin regulatory framework" that seeks to anchor the value of stablecoins to other assets such as fiat currencies. It will also be expanded to cover crypto services such as consulting, derivatives, and crypto investments, including NFTs that are classified as financial assets. (CoinDesk)