{"id":49836,"date":"2021-09-21T11:26:53","date_gmt":"2021-09-21T08:26:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49836"},"modified":"2025-09-02T14:40:54","modified_gmt":"2025-09-02T11:40:54","slug":"ftx-launches-regulated-platform-in-the-bahamas","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ftx-launches-regulated-platform-in-the-bahamas\/","title":{"rendered":"FTX launches regulated platform in The Bahamas"},"content":{"rendered":"<p>A subsidiary of the cryptocurrency exchange FTX has been registered by the Securities Commission of The Bahamas as a digital assets business.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">1) Today we&#8217;re proud to announce that FTX has been registered with the Securities Commission of The Bahamas under the DARE Act of 2020.<a href=\"https:\/\/t.co\/C0Qs0ypcf7\">https:\/\/t.co\/C0Qs0ypcf7<\/a><\/p>\n<p>\u2014 SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1439977435920052228?ref_src=twsrc%5Etfw\">September 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, FTX Digital Markets was the first in the jurisdiction to receive a licence under the Digital Asset Registered Exchanges Act (DARE Act).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWith this expansion enabled by the DARE Act, we are committed to providing our clients with a safe, reliable and regulation-compliant exchange,\u201d said FTX founder and CEO Sam Bankman-Fried.<\/p>\n<\/blockquote>\n<p>According to him, the company aims to maintain cooperative relationships with regulators in order to \u201cwork together toward building a comprehensive regulatory framework\u201d for the new asset class.<\/p>\n<p>On September 17, another FTX subsidiary\u2014the crypto-derivatives exchange ZUBR\u2014<a href=\"https:\/\/www.prnewswire.com\/news-releases\/zubr-an-ftx-company-receives-distributed-ledger-technology-dlt-provider-license-in-gibraltar-301379631.html\">\u043f\u043e\u043b\u0443\u0447\u0438\u043b\u0430<\/a> licence <a href=\"https:\/\/forklog.com\/en\/news\/gibraltar-updates-licensing-rules-for-blockchain-companies\">blockchain services provider<\/a> from the Gibraltar Financial Services Commission.<\/p>\n<p>FTX bought the platform based in that jurisdiction in early 2021.<\/p>\n<p>Earlier, FTX&#8217;s U.S. subsidiary <a href=\"https:\/\/forklog.com\/en\/news\/ftx-us-acquires-ledgerx-a-cryptocurrency-derivatives-exchange\">acquired the regulated cryptocurrency derivatives exchange LedgerX<\/a>. The platform received a license as an authorised derivatives market from the U.S. Commodity Futures Trading Commission in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The subsidiary of the cryptocurrency exchange FTX has been registered by the Securities Commission of The Bahamas as a digital assets business.<\/p>\n","protected":false},"author":1,"featured_media":49837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1899,1236,36],"class_list":["post-49836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bahamas","tag-ftx","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=49836"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49836\/revisions"}],"predecessor-version":[{"id":49838,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49836\/revisions\/49838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/49837"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=49836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=49836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=49836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}