As the world clamours for more digitalisation and the investor appetite for crypto currency and digital assets continues to rise, The Bahamas has been working hard as a jurisdiction to provide the financial services industry with a robust legal framework and remain competitive on an international dimension.
This report details the consistent regulatory updates The Bahamas has undertaken in its efforts to support product development and innovation. It outlines the impact of the Digital Assets and Registered Exchanges (DARE) Act, 2020 which regulates the fintech sector and the role it plays in attracting crypto players to the jurisdiction. The report also details the outlook for the industry as the Covid years persist.
