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Bahamas vs Liberia

Crypto regulation comparison

← Back to map | Bahamas | Liberia
Bahamas

Bahamas

Liberia

Liberia

Legal
Restricted

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.

The CBL has not issued crypto licenses and considers unauthorized crypto products illegal. No specific crypto legislation exists but the Financial Institutions Act requires licensing for all financial services.

Tax Type No tax
Tax Type None
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Securities Commission of the Bahamas (SCB)
Regulator Central Bank of Liberia
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
  • CBL has not approved any crypto licensing
  • Unauthorized crypto products deemed illegal under Financial Institutions Act
  • CBL shut down local crypto startup TACC in 2021
  • No specific crypto tax framework
  • Very low crypto adoption due to limited internet access
Sources
Sources