Regulation of the Digital Asset Industry
In 2020, The Bahamas enacted the Digital Assets and Registered Exchanges Act (“DARE Act”) which is the legislative framework that regulates the issuance, sale and trade of digital assets in or from within The Bahamas. As a result of this legislation, The Bahamas became one of the first jurisdictions to have enacted regulatory legislation relative to the digital assets industry.
In this article published by INSOL, Sophia Rolle-Kapousouzoglou and Valdere Murphy discuss regulation of the digital asset industry in The Bahamas, the powers of the Commission and why regulation is important in the crypto space, and extraterritorial reach of legislation.
Download the article by clicking here.