Regulator: Securities Commission of The Bahamas (SCB)
The Bahamas regulates stablecoins under the Digital Assets and Registered Exchanges (DARE) Act 2024. It defines stablecoins, mandates registration of issuance, requires reserve-backed structuring, and imposes obligations on custody, segregation, reporting, audits, and redemption, with a ban on algorithmic stablecoins.
Applicable Laws:
DARE Act (Digital Assets and Registered Exchanges Act) - https://www.xreg.consulting/articles/the-bahamas-enters-the-next-phase-of-crypto-market-regulation
