Bahamas — crypto regulation

Status: legal · Last reviewed 2026-11-05

Comprehensive crypto framework anchored by DARE Act 2024 (replaced 2020 original). Securities Commission of The Bahamas (SCB) registers and supervises all digital asset businesses. Post-FTX reforms added custody safeguards, stablecoin rules, and a ban on algorithmic stablecoins and privacy tokens. Home to the world's first CBDC — the Sand Dollar (2020).

Legislation

• SCB Guidance Note — Travel Rule Compliance for Digital Asset Businesses (2026)
• Digital Assets and Registered Exchanges (DARE) Act, 2024 (2024)
• Digital Assets and Registered Exchanges (DARE) Act, 2020 (2020)
• Central Bank (Electronic Bahamian Dollars) Regulations — Sand Dollar (2021)
• Central Bank of The Bahamas — Digital Assets Guidelines (2023)
• Proceeds of Crime Act & Financial Transactions Reporting Act (2018)