On 25 April 2023, the Securities Commission of The Bahamas published its new Digital Assets and Registered Exchanges (DARE) Bill, 2023 for consultation.
The DARE Bill 2023 encompasses a "comprehensive range of digital asset activities and establishes appropriate protection mechanisms for the registration and ongoing supervision of operators that align with prevailing international standards."
The new Bill represents "an even greater focus on consumer and investor protection, robust risk management as well as market development and innovation. Furthermore, the Bill explicitly addresses staking services in the context of international standards, making it among the first legislation of its kind."