The Bahamas maintains a crypto-friendly regulatory environment with a clear legal framework under the Digital Assets and Registered Exchanges Act (DARE Act 2020). The Securities Commission of The Bahamas oversees licensing and supervision of digital asset service providers.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | caribbean |
| Currency | BSD |
| Capital Gains (Personal) | none |
| Capital Gains (Corporate) | none |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | SCB |
| Framework | Digital Assets and Registered Exchanges Act (DARE Act 2024) |
| Ease | medium |
| Cost (USD) | $20,000 - $150,000 |
Licensing is mandatory for digital asset service providers under the DARE Act, with regulatory oversight by the Securities Commission of The Bahamas.
SCB took significant enforcement action in the FTX collapse. Enhanced regulatory oversight and enforcement capacity have been implemented.
| Status | Launched |
| Name | Sand Dollar |
| Issuing Authority | Central Bank of Bahamas |
| Model | retail |
| Technology | Movmint (DLT) |
| Launched Date |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | CFATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are regulated under the DARE Act, requiring compliance with AML and licensing provisions.
Status: regulated
Stablecoins are regulated under the DARE Act 2024 with comprehensive provisions. Stablecoin issuers must register with the SCB, maintain adequate reserves, and undergo regular audits. Algorithmic stablecoins are expressly prohibited. Privacy tokens may not be offered for sale in or from The Bahamas.
Status: no_rules
No NFT-specific regulation under DARE Act.
| Legal | Yes |
| Electricity Cost | $0.3/kWh |
| Renewable Energy | 10% |
| Infrastructure | fair |
Mining is legal but electricity costs are relatively high; infrastructure is developing.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 64/100 |
| Banking Access | moderate |
Risk Factors
The Bahamas is politically stable with low-to-moderate corruption (TI CPI 2025: 64/100, rank 29/182). Not on any OFAC, EU, or UN sanctions list. Not on FATF grey list as of February 2026. Faces natural disaster risks from hurricanes. DARE Act 2024 passed partly to restore reputation post-FTX collapse (Nov 2022).
The Bahamas maintains a crypto-friendly regulatory environment with a clear legal framework under the Digital Assets and Registered Exchanges Act (DARE Act 2020). The Securities Commission of The Bahamas oversees licensing and supervision of digital asset service providers.
Bahamas is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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