The Digital Assets and Registered Exchanges Act, 2020 (DARE) requires all digital asset business in The Bahamas to be regulated by the Securities Commission of The Bahamas.
What types of activities are regulated?
- Digital token exchange
- Providing services to a digital token exchange
- Operating as a payment service provider business, using digital assets
- Participation in and provision of financial services related to issuer’s offer or sale of a digital asset
- Initial token offering
- Operating as a digital asset service provider, including providing Distributed Ledger Technology (DLT) platforms (i.e. Blockchain), that facilitates –
Exchange between digital assets and fiat currencies
The exchange between on or more forms of digital assets, and
The transfer of digital assets
The Financial and Corporate Service Providers Act 2020 also includes the following regulated activites:
- Custody of digital assets
- Wallet services provider
OTHER REGULATED ACTIVITY
The Securities Industry Act, 2011 requires all securities business in The Bahamas to be regulated by the Securities Commission of The Bahamas.
Securities business includes:
Advising on securities
Managing securities*
Dealing in securities
Arranging deals in securities
*Physical presence can be obtained via a managed representative. Ask us how!
THE Investment Fund Act, 2019requires all investment fund business in The Bahamas to be regulated by the Securities Commission of The Bahamas.
Fund business includes:
A Fund to suit your need:
- Professional Fund
- Standard Fund
- SMART Funds- Specific Mandate Alternative Regulatory Test (SMART) Fund
- Standard Fund
- Investment Condominium Act (ICON)
Administration of investment funds