Bahamas launches digital asset DARE 2024 bill

The Securities Commission of the Bahamas has announced that the Bahamian Parliament has passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), a move that solidifies the country’s position in the digital asset regulatory space. The bill builds on the foundation laid by the DARE Act of 2020, introducing sweeping reforms designed to address the changing landscape of the digital asset and cryptocurrency markets. “DARE 2024 represents a new standard in digital asset regulation,” said Christina Rolle, Executive Director of the Securities Commission of the Bahamas. “The framework we have created not only focuses on investor protection but also encourages responsible innovation, putting the Bahamas at the forefront of global digital asset regulation.”