Digital Assets in The Bahamas

Establishing a digital asset business in jurisdictions like the Bahamas offers strategic advantages due to their progressive regulatory frameworks and commitment to fostering innovation in the financial technology sector.

The Bahamas

The Bahamas has positioned itself as a leader in digital asset regulation with the enactment of the Digital Assets and Registered Exchanges Act (DARE Act). This comprehensive legislation governs the issuance, sale, and trade of digital assets within the country. The Securities Commission of The Bahamas (SCB) oversees the registration and regulation of digital asset businesses, ensuring compliance with anti-money laundering (AML) and counter-financing of terrorism (CFT) laws. Entities seeking to operate in this space must undergo a thorough application process to obtain the necessary licenses.

Our Services

At SCG Fund Services, we specialize in guiding clients through the complexities of establishing and managing digital asset businesses in these jurisdictions. Our comprehensive services include:

• Regulatory Compliance: Assisting with understanding and adhering to local regulations, including AML/CFT requirements.
• Licensing Support: Preparing and submitting applications for necessary licenses and registrations.
• Corporate Structuring: Advising on optimal corporate structures to align with business objectives and regulatory expectations.
• Ongoing Administration: Providing administrative support to ensure continued compliance and operational efficiency.

By leveraging our expertise and local insights, we empower clients to successfully navigate the dynamic landscape of digital assets in the Bahamas.