Jurisdiction reference
Bahamas
Regulator: SCB Bahamas. License/registration context: Licensing. 4 VASP/entity records are tracked by Plexo Institute in Bahamas. Official registry source: SCB DARE Register. Data last updated: 2026-09-24.
The Bahamas regulates stablecoins under the Digital Assets and Registered Exchanges (DARE) Act 2024. It defines stablecoins, mandates registration of issuance, requires reserve-backed structuring, and imposes obligations on custody, segregation, reporting, audits, and redemption, with a ban on algorithmic stablecoins.
Regulatory Status
- Jurisdiction code
- BS
- Regime
- Licensing
- Regulator
- SCB Bahamas
- Governing law
- DARE Act 2020
- Travel Rule
- Legislated
- Tracked entities
- 4
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- BSD
Regulatory approach
Securities Commission of The Bahamas (SCB) oversees securities, investment funds, and digital asset businesses under the DARE Act 2024. DARE 2024 expands licensing and conduct rules (exchanges, custody, staking, issuers) and creates a stablecoin regime with reserve, custody/segregation, reporting and redemption requirements, while banning algorithmic stablecoins (and privacy-token issuance). Banking and payments are regulated by the Central Bank, and insurance by the Insurance Commission, not SCB.
Licensed entities in Bahamas
4 regulated-entity records tracked in Bahamas by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| Deltec Bank & Trust | Registered | DARE License |
| FTX Digital Markets | Registered | DARE License |
| Island Pay | Registered | DARE License |
| OKX Bahamas | Registered | DARE License |
Stablecoin laws in Bahamas
Primary legal texts Plexo Institute tracks for Bahamas.
- DARE Act (Digital Assets and Registered Exchanges Act) (enacted 2024-07-30)
Establishes a comprehensive stablecoin framework, defining stablecoins, registration requirements, reserve backing, audits, reporting, custody, redemption protocols; algorithmic stablecoins prohibited.
Central bank digital currency in Bahamas
Plexo Institute tracks 1 central bank digital currency programme in Bahamas.
- Sand Dollar — Status: Launched · Central bank: Central Bank of The Bahamas · Model: Retail · Technology: Proprietary (NZIA)
Relationship Graph
Jurisdiction FAQ
Who regulates Bahamas?
The current Plexo Institute record lists SCB Bahamas as the regulator for Bahamas.
How many VASPs are tracked in Bahamas?
4 VASP/entity records are tracked by Plexo Institute in Bahamas.
What is the Travel Rule status in Bahamas?
The current Plexo Institute record lists the Travel Rule status for Bahamas as Legislated.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.