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Bahamas

Caribbean · Comprehensive

Rebuilt framework post-FTX; supervisory capacity scaling.

DAI Methodology v2.1 Last updated Q2 2026

DAI Readiness Score™

76.0

out of 100

Regulatory status

Comprehensive

Primary regulator

Securities Commission of The Bahamas (SCB)

Licensing requirements

Digital Assets and Registered Exchanges (DARE) Act 2024.

AML requirements

Financial Transactions Reporting Act; FATF-aligned CDD for DARE registrants.

Travel Rule status

Implemented — DARE 2024 brings Travel Rule into primary legislation.

Tax treatment

No income, capital gains or VAT on digital assets at present.

Consumer protection

Mandatory disclosures, custody segregation, and proof-of-reserves for registered exchanges.

Key legislation

2020

DARE Act 2020 (repealed)

First-generation framework, replaced after FTX collapse.

2024

DARE Act 2024

Strengthened custody, proof-of-reserves and stablecoin rules.

Recent developments

2026-03-28

SCB publishes stablecoin rules

1:1 reserve, monthly attestations, redemption SLAs.

2026-01-10

Sand Dollar wholesale layer

Bank-to-bank settlement pilot with regional partners.

Professional disclaimerGlobal Asset Guide intelligence is provided for informational purposes only and does not constitute legal, tax, investment, or compliance advice. Regulatory positions change frequently; verify all material with primary sources and qualified counsel before relying on it for licensing, supervisory, or compliance decisions.