Roundtable: The Bahamas' Pioneering Legal Groundwork for Digital Assets IndustrySign up here for our free Roundtable Scripts - get this unique intelligence by email as Opalesque publishes them:
The Bahamas' Pioneering Legal Groundwork for Digital Assets Industry Roundtable & Interactive Webinar with Christina R. Rolle, Executive Director, Securities Commission of The Bahamas In a previous Opalesque Roundtable we examined how "tiny" Bahamas was able to beat global giants in the Central Bank Digital Currencies (CBDC) race when in 2019 it launched its "sand dollar" - a digital version of the Bahamas Dollar and controlled by the central bank - effectively beating China's "digital renminbi" by six months. PricewaterhouseCoopers (PwC) has given the Sand Dollar the highest ranking - above even China's digital yuan - in a report ranking Central Bank digital currencies. We have all witnessed the explosive growth of virtual currencies and the need for a jurisdiction like The Bahamas as an international financial centre with a considerable wealth management focus to equip itself with compliant and competitive legislation to participate in the digital asset space. In a consequential next step, the passage of the Digital Assets and Registered Exchanges Bill (DARE Bill) in 2020 has put in place the legal framework for a vital, well-regulated and compliant industry in The Bahamas for those interested in entering the digital asset space. When the Bahamas Government issued a groundbreaking white paper in 2022 called "The Future of Digital Assets in The Bahamas", investors and players in the digital assets industry globally took notice as the paper included a five-year plan for the industry. The paper is not only opening the door to accept the new payment systems that are coming, but foremost, the Government's outspoken long-term commitment provides the certainty that clients and businesses need to strategically plan and execute their digital assets business. All in all, by 2022, The Bahamas has managed to lay a wide regulatory foundation for digital assets. This includes the facilitation of digital token exchange registration and the provision of services related to them, the regulation of digital assets- based payment service businesses, and for the registration of financial services related to the creation, issuance or sale of digital tokens and other digital assets. Get first hand insights in this transcript from the panelists of the 2022 Opalesque Bahamas Roundtable:
... and make sure to register for the interactive Opalesque Webinar with the Securities Commission of The Bahamas THE BAHAMAS' FRAMEWORK FOR DIGITAL ASSETS BUSINESS SEPTEMBER Wednesday, Sept. 28th 11 am ET - free registration: https://www.opalesque.com/webinar/#uw2 with Christina R. Rolle, Executive Director, Securities Commission of The Bahamas to enjoy an in-depth look at the business and regulatory environment for digital assets in The Bahamas and how the jurisdiction is taking steps to maintain and enhance this environment. Themes to be covered:
The webinar is LIVE and interactive, so you can ask questions any time. The session will be recorded, so please register, also if the time does not work out: 24 hours after the webinar, we will mail a user friendly video replay of the session to all registrants. Wednesday, Sept. 28th 11 am ET - free registration: https://www.opalesque.com/webinar/#uw2
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