[{"data":1,"prerenderedAt":91},["ShallowReactive",2],{"news-\u002Fnews\u002Fbahamas-dare-act-2024-digital-assets":3},{"id":4,"title":5,"author":6,"authorTitle":7,"authorUrl":8,"body":9,"canonical":8,"category":43,"date":44,"description":45,"draft":46,"extension":47,"faqs":48,"findingsSource":8,"geo":58,"image":60,"industries":61,"keyFindings":8,"meta":64,"modified":65,"navigation":66,"path":67,"pullquote":8,"recommendations":8,"references":68,"related":72,"seo":79,"seoTitle":80,"signposts":8,"slug":81,"stats":8,"stem":82,"tags":83,"tldr":89,"__hash__":90},"news\u002Fnews\u002Fbahamas-dare-act-2024-digital-assets.md","The Bahamas DARE Act 2024 Regulates Staking, Stablecoins and Custody","ArcQubit Team","",null,{"type":10,"value":11,"toc":39},"minimark",[12,17,24,27,30,33],[13,14,16],"h2",{"id":15},"the-bahamas-dare-act-2024-regulates-staking-stablecoins-and-custody","The Bahamas DARE Act 2024 regulates staking, stablecoins and custody",[18,19,20],"p",{},[21,22,23],"strong",{},"30 JULY 2024, NASSAU",[18,25,26],{},"The Bahamas enacted the Digital Assets and Registered Exchanges Act, known as the DARE Act, on 30 July 2024. The Act regulates digital asset activities including staking, stablecoins and custody, setting a legal framework for a growing sector. It also bans algorithmic stablecoins outright, drawing a firm line around a model it treats as too risky.",[18,28,29],{},"The ban on algorithmic stablecoins reflects a clear judgment. These coins try to hold their value through algorithms rather than reserves, a design that has failed dramatically in some high-profile cases. By excluding them, The Bahamas keeps a risky model out of its regulated framework and signals that it prioritises user protection in how it defines the sector.",[18,31,32],{},"Custody is where the Act meets cryptography. Safeguarding digital assets depends on cryptographic keys and algorithms, so regulating custody brings cryptographic security into scope. As quantum-vulnerable algorithms become a concern, firms operating under the Act have a basis to consider quantum risk in how they protect the assets they hold.",[18,34,35,38],{},[21,36,37],{},"Why it matters."," The DARE Act gives The Bahamas a structured regime for digital assets, covering staking, stablecoins and custody while banning algorithmic stablecoins. Its custody rules tie cryptographic security to regulation, which gives quantum risk a place in the framework. Firms under the Act can treat the cryptography protecting customer assets as a supervised concern that quantum developments will increasingly affect.",{"title":7,"searchDepth":40,"depth":40,"links":41},2,[42],{"id":15,"depth":40,"text":16},"Policy","2024-07-30","The Bahamas DARE Act 2024 regulates digital asset activities including staking, stablecoins and custody, and bans algorithmic stablecoins outright.",false,"md",[49,52,55],{"q":50,"a":51},"What does the DARE Act 2024 regulate?","The Digital Assets and Registered Exchanges Act 2024 regulates digital asset activities in The Bahamas, including staking, stablecoins and custody. It sets a legal framework for these activities and bans algorithmic stablecoins outright.",{"q":53,"a":54},"Why does the Act ban algorithmic stablecoins?","Algorithmic stablecoins attempt to hold their value through algorithms rather than reserves, a model that has failed dramatically in some cases. Banning them reflects a judgment that the risk to users is too high, so The Bahamas excludes them from its regulated framework.",{"q":56,"a":57},"How does the Act connect to cryptographic risk?","Custody of digital assets depends on cryptography, so regulating custody brings cryptographic security into scope. As quantum-vulnerable algorithms become a concern, firms operating under the Act have reason to consider quantum risk in how they safeguard assets.",[59],"nassau","\u002Fassets\u002Fog-default.png",[62,63],"Financial Services","Cross-Sector",{},"2026-08-21",true,"\u002Fnews\u002Fbahamas-dare-act-2024-digital-assets",[69],{"label":70,"url":71},"Government of The Bahamas, \"Digital Assets and Registered Exchanges (DARE) Act 2024,\" Jul. 30, 2024.","https:\u002F\u002Fwww.scb.gov.bs\u002F",[73,76],{"label":74,"url":75},"Bermuda's Digital Asset Licensees Grow to 49 Under Binding Cyber Rules","\u002Fnews\u002Fbermuda-digital-asset-licensees-grow-to-49",{"label":77,"url":78},"Cayman Moves Virtual Asset Service Providers to Licensing","\u002Fnews\u002Fcayman-moves-vasps-to-licensing",{"title":5,"description":45},"The Bahamas DARE Act 2024 Regulates Digital Assets","bahamas-dare-act-2024-digital-assets","news\u002Fbahamas-dare-act-2024-digital-assets",[84,85,86,87,88],"digital assets","financial services","federal compliance","quantum risk","for enterprises","The Bahamas DARE Act 2024 regulates digital asset activities including staking, stablecoins and custody, bans algorithmic stablecoins, and brings cryptographic custody into supervisory scope.","StJEVWWX1ePrNMY8cqwK-gBcA2hHMyPeKxezO1fOhpA",1792182887102]