FTX, one of the world’s largest cryptocurrency exchanges, continues expanding operations by inking major regulatory approval in The Bahamas. The Securities Commission of The Bahamas has registered FTX Digital Markets, the Bahamian subsidiary of the global FTX crypto exchange, as an official digital asset business, the firm announced Sept. 20. The regulatory approval is granted under the Digital Asset Registered Bill of The Bahamas, the country’s new digital asset-related legislation that came into force in late 2020. Also known as the DARE Act, the legislation establishes a comprehensive regulatory framework for digital asset operations in The Bahamas, regulating and supervising virtual asset service providers.