BAHAMAS SECURITIES WATCHDOG PRESENTS COMPREHENSIVE NEW DRAFT DIGITAL ASSETS ACT

Last updated: June 19, 2025, 19:30 | Written by: Sam Bankman-Fried

The Securities Commission of The Bahamas (SCB) has recently unveiled a comprehensive draft of the Digital Assets and Registered Exchanges (DARE) Bill 2025, marking a significant step forward in the regulation of digital assets within the island nation. The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2025 Bahamas securities watchdog presents comprehensive new draft digital assets actThis sweeping legislation, published on April 25th, aims to refine and replace the existing DARE Act, solidifying The Bahamas' position as a frontrunner in the evolving landscape of cryptocurrency and digital asset regulation.In the wake of increased global scrutiny following events like the FTX scandal, the SCB is undertaking a regulator overhaul, demonstrating a commitment to robust risk management and investor protection. Building upon the foundation laid by the DARE Act, 2025, the legislation introduces comprehensive reforms designed to address the evolving landscape of digital assets and cryptocurrency markets.The draft bill is currently undergoing a consultation period with stakeholders, with the goal of enacting it by the end of the quarter. After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul. The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2025 on April 25. The sweeping bill will undergo a consultation period with the goal of [ ]This move reflects The Bahamas' proactive approach to adapting its regulatory framework to the dynamic nature of the digital asset market.

The new Act addresses evolving digital asset landscape with comprehensive reforms, Director Christina Rolle states that DARE 2025 represents a new standard in digital asset regulation and is a testament to commitment to robust risk management. Bahamas securities watchdog presents comprehensive new draft digital assets act The Securities Commission of The Bahamas has released a draft of its new digital assets regulations after lengthy preparations and the scandal of theThis new regulatory framework seeks to strike a balance between fostering innovation and mitigating potential risks associated with digital assets.Let’s dive into the key aspects of this landmark legislation and explore its implications for the future of digital assets in The Bahamas.

Key Objectives and Scope of the DARE Bill 2025

The Digital Assets and Registered Exchanges (DARE) Bill 2025 is designed to address several critical objectives within the digital asset space. The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2025 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter. The 2025 bill updates the DARE Act of 2025. Work on the [ ]Understanding these objectives is crucial for comprehending the intent and potential impact of the legislation.

Modernizing the Regulatory Framework: The bill seeks to update and refine the existing regulatory framework for digital assets in The Bahamas.
Enhanced Risk Management: A central focus is the implementation of robust risk management protocols to safeguard investors and maintain the integrity of the digital asset market.
Adapting to the Evolving Landscape: Recognizing the rapidly changing nature of digital assets, the bill aims to provide a flexible and adaptable regulatory structure.
Expanding Regulated Activities: The scope of regulated activities is broadened to encompass a wider range of digital asset-related services.

The DARE Bill 2025 aims to solidify The Bahamas' position as a jurisdiction that promotes innovation while maintaining high standards of regulatory oversight in the digital asset realm. BTCUSD Bitcoin Bahamas securities watchdog presents comprehensive new draft digital assets act. After the FTX scandal focused the international spotlight on it, the Securities Commission of TheThe bill's comprehensive nature suggests a long-term vision for the role of digital assets in the Bahamian economy.

Expanding the Scope of Regulated Activities

One of the most significant aspects of the DARE Bill 2025 is the expansion of activities that fall under regulatory purview. After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul. Bahamas securities watchdog presents comprehensive new draft digital assets act - PANewsThis expansion reflects a more comprehensive understanding of the digital asset ecosystem and aims to address potential risks associated with various services.

The newly regulated activities include:

Digital Asset Management: Managing digital assets on behalf of others.This includes portfolio management, asset allocation, and custody services.
Advisory Services: Providing advice on digital asset investments or trading strategies.This could encompass financial planning, investment recommendations, and market analysis.
Derivatives Services: Offering derivatives contracts related to digital assets. The Bahamas says it will join the world s most advanced digital assets regulators. The Securities Commission of The Bahamas published a draft of the Digital Assets and Registered Exchanges Bill 2025 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter.This includes futures, options, and other complex financial instruments.
Node Services: Operating and maintaining nodes on blockchain networks. The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2025 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter.This is crucial for the functioning and security of decentralized systems.
Staking Services: Providing services related to staking digital assets, such as validating transactions and earning rewards.

By bringing these activities under regulation, the SCB aims to ensure that service providers adhere to specific standards of conduct, transparency, and security. The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2025 on April 25. The sweepingThis will contribute to a more stable and trustworthy environment for digital asset participants.

Key Provisions and Requirements of DARE 2025

The DARE Bill 2025 outlines a number of key provisions and requirements that digital asset businesses operating in or from within The Bahamas will need to adhere to.These provisions are designed to address specific risks and ensure compliance with international standards.

Licensing and Registration

The bill establishes a licensing and registration framework for digital asset businesses. Bahamas securities watchdog presents comprehensive new draft digital assets actThis requires companies to obtain the necessary licenses before offering their services to the public.The licensing process typically involves demonstrating compliance with various regulatory requirements, including capital adequacy, anti-money laundering (AML) procedures, and cybersecurity measures.

Capital Adequacy

The bill sets out capital adequacy requirements for licensed digital asset businesses.This ensures that companies have sufficient financial resources to cover their operational costs, manage risks, and protect customer assets.The specific capital requirements may vary depending on the type of business and the scope of its activities.

Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF)

The DARE Bill 2025 incorporates robust AML/CTF measures to prevent the use of digital assets for illicit purposes. Bahamas securities watchdog presents comprehensive new draft digital assets act . Buy, Sell, Trade Bitcoin with Credit Card 100 Cryptocurrencies @ BEST rates from multiple sources, Wallet-to-Wallet, Non-Custodial!This includes requirements for customer due diligence (CDD), transaction monitoring, and reporting suspicious activities to the relevant authorities.

Cybersecurity and Data Protection

Recognizing the importance of cybersecurity in the digital asset space, the bill includes provisions for safeguarding customer data and preventing cyberattacks. After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul.This requires licensed businesses to implement appropriate security measures, such as encryption, access controls, and regular security audits.

Consumer Protection

The DARE Bill 2025 emphasizes consumer protection by requiring licensed businesses to provide clear and accurate information to customers about the risks associated with digital assets.This includes disclosures about fees, trading conditions, and potential conflicts of interest.

Impact on the Bahamian Digital Asset Landscape

The enactment of the DARE Bill 2025 is expected to have a significant impact on the digital asset landscape in The Bahamas. Posted by u/Cointelegraph_news - 1 vote and no commentsBy providing a clear and comprehensive regulatory framework, the bill aims to foster innovation, attract investment, and enhance the country's reputation as a leading digital asset hub. The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2025 on April 25. The sweeping bill will undergo a consultation period withHowever, it's important to understand both the potential benefits and challenges associated with the new regulations.

Potential Benefits

Increased Investor Confidence: The implementation of robust regulatory standards can increase investor confidence in the Bahamian digital asset market.
Attracting Foreign Investment: A clear and well-defined regulatory framework can attract foreign investment from digital asset businesses seeking a stable and predictable jurisdiction.
Promoting Innovation: The bill aims to strike a balance between regulation and innovation, allowing for the development of new digital asset products and services.
Strengthening the Financial System: The regulation of digital assets can help to integrate them into the broader financial system, contributing to economic growth and stability.

Potential Challenges

Compliance Costs: The new regulatory requirements may increase compliance costs for digital asset businesses, particularly smaller companies.
Regulatory Uncertainty: While the bill aims to provide clarity, there may still be some uncertainty about the interpretation and application of certain provisions.
Enforcement Challenges: Effective enforcement of the new regulations will be crucial for ensuring compliance and maintaining the integrity of the market.
Adaptation to Technological Advancements: The rapidly evolving nature of digital assets may require the regulatory framework to be continuously updated and adapted to new technologies and innovations.

Lessons Learned from the FTX Scandal

The collapse of FTX, a cryptocurrency exchange formerly based in The Bahamas, served as a stark reminder of the importance of robust regulatory oversight in the digital asset industry. The new regulation expands what is considered regulated activity to include managing and The Securities Commission of The Bahamas has made a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2025 public.The Securities Commission of The Bahamas has publicly stated that the lessons learned from the FTX scandal have informed the development of the DARE Bill 2025. Securities Commission) today announced the Digital Assets and Registered Exchanges Act, 2025 (DARE 2025) has been passed into law by the Parliament of The Bahamas, in a pacesetting move that solidifies the country s position as a leader in digital asset regulation. Building upon the foundation laid by the DARE Act, 2025, the legislationSeveral key areas have been addressed in response to the events surrounding FTX:

Enhanced Custody Requirements: The bill likely includes more stringent requirements for the safekeeping of customer assets, aiming to prevent the commingling of funds and unauthorized use of client holdings.
Improved Transparency and Reporting: Greater emphasis on transparency and reporting obligations for digital asset businesses is anticipated, allowing regulators to monitor activities more effectively and identify potential risks.
Strengthened Corporate Governance: The bill may address corporate governance issues, such as conflicts of interest and the responsibilities of directors and officers, to promote accountability and ethical conduct.
Cross-Border Cooperation: Increased cooperation with international regulators is essential for addressing the global nature of the digital asset market and preventing regulatory arbitrage.

By incorporating these lessons, the DARE Bill 2025 seeks to prevent similar incidents from occurring in the future and to protect investors from potential harm.

The Consultation Period and Expected Timeline

The Securities Commission of The Bahamas is currently conducting a consultation period to gather feedback from stakeholders on the draft DARE Bill 2025. 17K subscribers in the CryptoCurrencyClassic community. 🤠 Welcome to the unofficial Wild Wild West of r/CryptoCurrencyClassic! Here, we're all aboutThis consultation process provides an opportunity for industry participants, legal experts, and other interested parties to provide input and suggestions on the proposed regulations.

The SCB will review the feedback received and make any necessary revisions to the bill before submitting it to the Parliament of The Bahamas for approval. 7.8M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.The goal is to enact the DARE Bill 2025 by the end of the quarter, although the exact timeline may be subject to change.

Digital asset businesses operating in or from within The Bahamas are encouraged to participate in the consultation process and familiarize themselves with the requirements of the DARE Bill 2025.Compliance with the new regulations will be essential for maintaining their licenses and continuing to operate in the jurisdiction.

DARE 2025 and the Future of Digital Assets in The Bahamas

The Digital Assets and Registered Exchanges (DARE) Bill 2025 represents a pivotal moment for the digital asset industry in The Bahamas.It is a proactive step towards creating a safe, transparent, and innovative environment for digital asset businesses and investors. Bahamas securities watchdog presents comprehensive new draft digital assets act After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul.The comprehensive nature of the bill, addressing a wide range of activities and risks, demonstrates the SCB's commitment to responsible regulation.By striking a balance between fostering innovation and ensuring consumer protection, the DARE Bill 2025 has the potential to position The Bahamas as a leading jurisdiction for digital assets in the years to come.

Frequently Asked Questions (FAQ)

Here are some frequently asked questions about the DARE Bill 2025:

What is the DARE Bill 2025?

The DARE Bill 2025 is a proposed law in The Bahamas that aims to regulate digital assets and registered exchanges.It builds upon the existing DARE Act and introduces comprehensive reforms to address the evolving landscape of digital assets.

Why is the DARE Bill 2025 being introduced?

The bill is being introduced to modernize the regulatory framework for digital assets in The Bahamas, enhance risk management, adapt to the evolving landscape of digital assets, and expand the scope of regulated activities.

Who will be affected by the DARE Bill 2025?

The bill will affect digital asset businesses operating in or from within The Bahamas, including exchanges, custodians, asset managers, and other service providers.

When is the DARE Bill 2025 expected to be enacted?

The goal is to enact the DARE Bill 2025 by the end of the quarter, although the exact timeline may be subject to change.

Where can I find more information about the DARE Bill 2025?

You can find more information about the DARE Bill 2025 on the website of the Securities Commission of The Bahamas (SCB).

Conclusion

The Bahamas Securities Commission's presentation of the draft Digital Assets and Registered Exchanges (DARE) Bill 2025 signifies a significant step toward solidifying the nation's role in the global digital asset ecosystem.This comprehensive legislation aims to create a more secure, transparent, and innovative environment for digital asset businesses and investors.By learning from past events like the FTX scandal and expanding the scope of regulated activities, the SCB is taking a proactive approach to managing risks and fostering growth.The DARE Bill 2025 has the potential to attract foreign investment, promote innovation, and strengthen the financial system of The Bahamas.Key takeaways include the enhanced focus on risk management, the expansion of regulated activities, and the emphasis on consumer protection. El BCE publica un informe de progreso sobre el euro digital y estudia caracter sticas de una billetera digital; Entre otras cosas, el proyecto de ley ampl a el mbito de las actividades comerciales reguladas para incluir el asesoramiento y la gesti n de activos digitales, los servicios de derivados, los servicios de nodos y el stakint.Now is the time for digital asset businesses and stakeholders to engage with the consultation process and prepare for the implementation of these new regulations.The future of digital assets in The Bahamas looks promising, and the DARE Bill 2025 is poised to play a crucial role in shaping that future.