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Bahamas vs Fiji

Crypto regulation comparison

← Back to map | Bahamas | Fiji
Bahamas

Bahamas

Fiji

Fiji

Legal
Banned

The Bahamas enacted the Digital Assets and Registered Exchanges (DARE) Act in 2020, creating a comprehensive regulatory framework. The SCB oversees digital asset businesses. The Bahamas also launched the Sand Dollar CBDC.

All cryptocurrency and virtual asset services banned since August 2025; RBF has not licensed any VASP; penalties up to M fine or 14 years imprisonment

Tax Type No tax
Tax Type Unclear
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining No No
Mining No No
Regulator Securities Commission of the Bahamas (SCB)
Regulator Reserve Bank of Fiji
Stablecoin Rules Regulated under DARE Act 2024; algorithmic stablecoins banned
Stablecoin Rules No stablecoin regulation
Key Points
  • DARE Act (2020) provides comprehensive regulation for digital assets and exchanges
  • Securities Commission of the Bahamas licenses and supervises digital asset businesses
  • No income tax, capital gains tax, or crypto-specific taxes
  • Sand Dollar CBDC launched in 2020 as one of the world's first
  • FTX collapse in 2022 led to enhanced scrutiny and regulatory updates
Key Points
  • No specific cryptocurrency legislation
  • Reserve Bank warns about crypto risks
  • Crypto not recognized as legal tender
  • Limited crypto adoption
  • No licensing framework for crypto services
Sources
Sources