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Nassau, The Bahamas,
4 December 2020 –
The passage of the Digital Assets and Registered Exchanges Bill,
2020 (DARE) has put in place the legal framework for a vital,
well-regulated and compliant industry in The Bahamas for those
interested in entering the digital asset space.
It also creates specific opportunities for entrepreneurial
Bahamian Fintech firms to enjoy the credibility of being licensed
and functioning under a comprehensive regulatory regime and
participate in the Fintech industry that is being forged with the
DARE Bill.
DARE legislation passed in the House of Parliament on 3
November, facilitates the registration of digital token exchanges,
and the provision of services related to digital token exchanges.