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Crypto Regulation in Bahamas

Crypto Friendly

The Bahamas enacted the Digital Assets and Registered Exchanges Act (DARE) 2020, one of the most comprehensive crypto regulatory frameworks in the Caribbean. The SCB oversees digital asset businesses. The country launched the Sand Dollar CBDC.

Region: CaribbeanCurrency: BSDRisk Score: 20/100

Tax Information

Capital Gains (Personal)
0% - no income tax, no capital gains tax
Capital Gains (Corporate)
0% - no corporate income tax
VAT on Crypto
No
Staking Tax
No income tax
Airdrop Tax
No income tax
Mining Tax
No income tax
Summary
The Bahamas has no income tax, capital gains tax, or corporate income tax. VAT at 10% applies to goods and services but not to crypto transactions.

Licensing & Registration

License Required
Yes
Regulator
SCB (Securities Commission of The Bahamas)
Framework
Digital Assets and Registered Exchanges Act 2020 (DARE Act)
License Types
Digital Asset Business Registration, Registered Digital Asset Exchange, Digital Token Offering Registration
Estimated Cost (USD)
$20,000 - $150,000
Timeline
3-9 months
Ease of Licensing
Medium
Notes
The DARE Act provides a comprehensive framework covering exchanges, custodians, token offerings, and other digital asset activities. The SCB has licensed several major crypto firms. The FTX collapse (headquartered in Bahamas) led to enhanced regulatory scrutiny and amendments to strengthen oversight.

AML / KYC

KYC Required
Yes
Travel Rule
Yes
FATF Member
No
FATF Status
Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.3
Renewable Energy
10%
Climate
Tropical
Infrastructure
Good
Tax on Mining Income
0% - no corporate income tax
Notes
High electricity costs significantly reduce mining profitability.

DeFi, Stablecoins & NFTs

DeFi: regulatedStablecoins: specific frameworkNFTs: no_rulesCBDC: launched

Soken Services

Legal Opinion
Available | $2,000 - $8,000 | 7 days
Banking
Difficulty: Easy | Crypto-friendly banks: Deltec Bank, Ansbacher
Min. Deposit
$25,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Company Registration
$5,000 | 14 days | International Business Company
Licensing Support
Available | $15,000 - $50,000

Sources

Securities Commission of The Bahamas
Reviewed: 2026-03-15verified

Frequently Asked Questions

Is crypto legal in Bahamas?
Cryptocurrency is currently classified as "Crypto Friendly" in Bahamas. The Bahamas enacted the Digital Assets and Registered Exchanges Act (DARE) 2020, one of the most comprehensive crypto regulatory frameworks in the Caribbean. The SCB oversees digital asset businesses. The country launched the Sand Dollar CBDC.
What is the crypto tax rate in Bahamas?
In Bahamas, the personal capital gains tax on crypto is 0% - no income tax, no capital gains tax, and the corporate tax rate is 0% - no corporate income tax. The Bahamas has no income tax, capital gains tax, or corporate income tax. VAT at 10% applies to goods and services but not to crypto transactions.
Do I need a crypto license in Bahamas?
Yes, a crypto license is required in Bahamas. The regulator is Securities Commission of The Bahamas under Digital Assets and Registered Exchanges Act 2020 (DARE Act). Estimated licensing cost: $20,000 - $150,000.
Is crypto mining legal in Bahamas?
Yes, crypto mining is legal in Bahamas. Electricity costs approximately $0.3/kWh. Mining income is taxed at: 0% - no corporate income tax. High electricity costs significantly reduce mining profitability.
What are the AML/KYC requirements for crypto in Bahamas?
Yes, crypto businesses in Bahamas must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: compliant.