Can Bahamian residents invest in crypto?

Unless they are denominated in Bahamian dollars and sponsored by resident entities, the Central Bank views crypto assets as foreign assets for EC purposes. Residents are entitled to invest in these as they would any foreign assets.

Who regulates crypto?

In the U.S., who regulates crypto depends on how and where it is used. The Securities and Exchange Commission, the Chicago Mercantile Exchange, Commodity Futures Trading Commission, and the Financial Industry Regulatory Authority are all involved in some regard.

Are non-fiat-based payment tokens legal in the Bahamas?

That said, non-fiat-based payment tokens are impermissible Bahamian dollar crypto instruments. The Central Bank of the Bahamas issued Responses to Comments. Most jurisdictions and authorities have yet to enact laws governing cryptocurrencies, meaning that, for most countries, the legality of crypto mining remains unclear.

Will cryptocurrencies be regulated in 2022?

In the United States, the Biden administration clarified crypto use and regulation in 2022, paving the way for the digital dollar. In other countries, cryptocurrency is subject to different classifications and tax treatment. The U.S. announced a new framework in 2022 that opened the door to further regulation.