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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 & Enforcement Agencies

Securities Commission of The Bahamas

SCB

Digital asset business registration under DARE 2024

Official website Crypto / VASP section
VASP applications: YesSAR reports: No

Financial Intelligence Unit — The Bahamas

FIU Bahamas

Financial Intelligence Unit — SAR reporting

Official website
VASP applications: NoSAR reports: Yes
Regulatory status

Comprehensive

Source
Primary regulator

Securities Commission of The Bahamas (SCB)

Source
Licensing requirements

Digital Assets and Registered Exchanges (DARE) Act 2024.

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AML requirements

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

Source
Travel Rule status

Implemented — DARE 2024 brings Travel Rule into primary legislation.

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Tax treatment

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

Source
Consumer protection

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

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Key legislation
2020
DARE Act 2020 (repealed)

First-generation framework, replaced after FTX collapse.

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2024
DARE Act 2024

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

Source
Recent developments
2026-03-28
SCB publishes stablecoin rules

1:1 reserve, monthly attestations, redemption SLAs.

Source
2026-01-10
Sand Dollar wholesale layer

Bank-to-bank settlement pilot with regional partners.

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Primary Sources & Official Documents
  1. 01
    Digital Assets and Registered Exchanges Act (DARE) 2024
    Securities Commission of The Bahamas · 2024
    https://www.scb.gov.bs/digital-assets/
  2. 02
    FATF Recommendations (including Recommendation 15 — new technologies)
    Financial Action Task Force · Updated periodically
    https://www.fatf-gafi.org/en/topics/fatfrecommendations.html
  3. 03
    FATF Targeted Update on Implementation of the Standards on VAs and VASPs
    Financial Action Task Force · Annual
    https://www.fatf-gafi.org/en/publications/Fatfrecommendations.html
  4. 04
    High-Risk and Other Monitored Jurisdictions (grey and black lists)
    Financial Action Task Force · Updated three times a year
    https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions.html

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Professional disclaimerDigital Asset Intelligence content 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.