1 INTRODUCTION
1.1 This White Paper sets out a vision and a
framework to guide Bahamian digital asset policy between now and
2026. It is a complete policy update and its actions have been
informed by The Bahamas' initial success in attracting
significant digital asset businesses to set up in the country, and
by our vision to transform The Bahamas into the leading digital
asset hub in the Caribbean and a global leader in the progressive
regulation of businesses in this profoundly innovative space. By
this we mean that we will substantially grow the sector by 2025,
while ensuring that only well-run, trustworthy, and thriving
digital asset businesses, which are able to maintain high standards
and sustain the good reputation of The Bahamas, are allowed to
operate from the country. The growth of the digital asset sector is
seen as a critically important part of rebuilding an economy that
has been badly damaged by Hurricane Dorian and the effects of the
COVID-19 pandemic.
