---
type: country
domain: web3-compliance
status: compiled
tags: [Legal, Crypto Tax, Crypto Regulation, Country]
aliases: [Bahamas]
created: 2026-05-06
compile_into: ""
source_url: "https://soken.io/crypto-map/countries/bahamas.html"
title: "[bahamas|Bahamas](https://soken.io/crypto-map/countries/bahamas|Bahamas.html) (BS)  Crypto Regulation | Soken"
description: "The Bahamas maintains a crypto-friendly regulatory environment with a clear legal framework under the Digital Assets and Registered Exchanges Act ([concept--dare-act|DARE Act](https://soken.io/kb/crypto-map-countries/concept--dare-act|DARE Act.md) 2020). The Securities Commission of The Bahamas oversees licen"
scraped_at: "2026-05-06T09:10:02.308088+00:00"
slug: crypto-map-countries-bahamas.html
---


# [bahamas|Bahamas](https://soken.io/crypto-map/countries/bahamas|Bahamas.html) (BS)  Crypto Regulation | Soken

---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "caribbean", "cfatf", "crypto_friendly"]
aliases: ["BS", "BHS"]
created: 2026-05-06
updated: 2026-02-01
compile_into: ["[bahamas](https://soken.io/crypto-map/countries/bahamas.html)"]
sources:
  - name: "Securities Commission of The Bahamas"
    url: "https://scb.gov.bs"
    type: "official"
---

# 🇧🇸 [bahamas|Bahamas](https://soken.io/crypto-map/countries/bahamas|Bahamas.html) (BS) — Crypto Regulation

> The Bahamas maintains a crypto-friendly regulatory environment with a clear legal framework under the Digital Assets and Registered Exchanges Act ([concept--dare-act|DARE Act](https://soken.io/kb/crypto-map-countries/concept--dare-act|DARE Act.md) 2020). The Securities Commission of The Bahamas oversees licensing and supervision of digital asset service providers.

## Overview

| Field | Value |
|-------|-------|
| Status | crypto_friendly |
| Risk Score | 20/100 (Low Risk) |
| Enforcement Level | High |
| Region | [domain--caribbean|caribbean](https://soken.io/kb/crypto-map-countries/domain--caribbean|caribbean.md) |
| Currency | [entity--bsd|BSD](https://soken.io/kb/crypto-map-countries/entity--bsd|BSD.md) |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [entity--scb|SCB](https://soken.io/kb/crypto-map-countries/entity--scb|SCB.md) |
| Framework | Digital Assets and Registered Exchanges Act (DARE Act 2020) |
| Ease | medium |
| Cost | $20,000 - $150,000 |
| Timeline | 3-9 months |

Licensing is mandatory for digital asset service providers under the DARE Act, with regulatory oversight by the Securities Commission of The Bahamas.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |

## DeFi

**Status:** regulated

DeFi activities are regulated under the DARE Act, requiring compliance with AML and licensing provisions.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the DARE Act with specific provisions for issuance and operation.

## NFTs

**Status:** no_rules

No NFT-specific regulation under DARE Act.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.3/kWh |
| Renewable Energy | 10% |
| Climate | tropical |
| Infrastructure | fair |

Mining is legal but electricity costs are relatively high; infrastructure is developing.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 48/100 |
| Ease of Business | moderate |
| Internet Freedom | free |
| Banking Access | moderate |
| Sanctions Programs Active | No |

## Enforcement

SCB took significant enforcement action in the FTX collapse. Enhanced regulatory oversight and enforcement capacity have been implemented.

## CBDC

| Field | Value |
|-------|-------|
| Status | launched |
| Name | Sand Dollar |
| Authority | Central Bank of Bahamas |
| Type | retail |
| Launched | 2020-10-20 |

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-05-06.*

**Sources:**
- [Securities Commission of The Bahamas](https://scb.gov.bs)


<!-- soken-kb-wikilinks -->
[bahamas](https://soken.io/crypto-map/countries/bahamas.html) [index](https://soken.io/) [crypto-map](https://soken.io/crypto-map/)


<!-- soken-kb-augmented v1 -->
[crypto-map](https://soken.io/crypto-map/)

---

## Translations