Bahamas Securities Regulator Proposes Rules for Token Sales

The Bahamas' securities regulator is pushing for a new framework for token projects, aiming to turn the island nation into the jurisdiction of choice for blockchain startups. The Securities Commission of the Bahamas has filed a draft of the new bill regulating token offerings not deemed securities. The bill lays out a procedure for registering such offerings and informing authorities and investors on the details of a token sale.

This story originally appeared on CoinDesk, the global leader in blockchain technology news and publisher of the Bitcoin Price Index