Regulatory Alerts2026-08-06
Added
Draft Wallet Information Collection and Screening Policy
The Securities Commission of The Bahamas proposes a policy requiring licensees, registrants, and applicants under the Digital Assets and Registered Exchanges Act to provide wallet information at authorization, within ten business days of material changes, and via annual attestation. The Commission collects this data solely for licensing assessments, risk-based supervision, examinations, and statutory enforcement functions, with screening results treated as supervisory indicators rather than final findings. Failure to comply may result in supervisory consequences, enforcement actions, or the rejection of applications as incomplete.
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