Th Bahamas Government is this year slated to enable its citizens’ access to digital assets, using Bahamian dollars, and enable the payment of taxes using digital assets.

In tabling a policy white paper on the future of US$3 trillion of global market digital assets in The Bahamas, Prime Minister Philip Davis has promised to transform The Bahamas into the leading digital asset hub in the Caribbean.

The nine-point policy objectives in the white paper include exploring new opportunities in decentralised finance (DeFi), nonfungible tokens (NFTs), stable coins and asset-referenced tokens; improving The Bahamas’ attractiveness as a well-regulated jurisdiction for digital assets management and expanding the current legislative framework.