BTC $68,056.00 (+0.11%)
ETH $1,976.00 (+0.50%)
XRP $1.43 (+0.35%)
BNB $625.63 (-0.01%)
SOL $85.34 (+1.08%)
TRX $0.29 (+1.21%)
DOGE $0.10 (-1.43%)
BCH $564.90 (+0.52%)
ADA $0.28 (-1.68%)
LEO $8.35 (-3.98%)
HYPE $29.69 (-1.69%)
LINK $8.89 (-0.80%)
CC $0.16 (+0.66%)
XMR $325.77 (-2.26%)
XLM $0.16 (-0.66%)
RAIN $0.01 (-1.51%)
ZEC $260.21 (+0.56%)
HBAR $0.10 (-0.33%)
LTC $54.96 (-0.51%)
AVAX $9.12 (-0.36%)

Bahamas vs Libya

Crypto regulation comparison

← Back to map | Bahamas | Libya
Bahamas

Bahamas

Libya

Libya

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.

Libya has a restrictive stance on cryptocurrency. The Central Bank of Libya has warned against crypto use. Political instability and a divided government complicate any regulatory development.

Tax Type No tax
Tax Type None
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 Central Bank of Libya
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
  • Central Bank of Libya has warned against cryptocurrency use
  • No specific cryptocurrency legislation
  • Political instability limits regulatory development
  • Crypto used informally despite restrictions
  • No licensed crypto exchanges operate
Sources
Sources