The Securities Commission of The Bahamas has consulted on a draft policy requiring businesses licensed or registered under the Digital Assets and Registered Exchanges Act, as well as applicants, to provide information on wallets used in their digital asset activities. Firms would report wallet information during authorization, within 10 business days of establishing, retiring or materially changing a covered wallet, and through an annual attestation of completeness and accuracy. Required information would cover operational wallet addresses and networks, evidence of control for specified wallet categories, applicants’ sources of funds, key counterparty relationships and relevant entity identifiers. The commission would use the information for application assessments, risk-based supervision, blockchain analytics screening, examinations and enforcement. Failure to report accurately or attest annually could trigger supervisory or enforcement consequences, while an applicant’s omission could render its application incomplete. The policy will take effect on the date specified when it is issued following consultation and commission approval. The first annual attestation will be scheduled no earlier than six months after the effective date.
2026-08-06Bahamas Securities Commission
Securities Commission of The Bahamas launches consultation on mandatory digital asset wallet reporting and screening policy
The Securities Commission of The Bahamas has consulted on mandatory wallet information reporting for digital asset licensees, registrants and applicants. Covered entities would report at authorization, within 10 business days of material wallet changes and through annual attestations, supporting blockchain screening and risk-based supervision. Inaccurate or incomplete reporting could result in supervisory or enforcement action.