The Bahamas to enable payment of taxes by digital assets: CARICOM BUSINESS
Businessman using tablet online banking, exchange currency and payment, Digital marketing, Finance and banking networking, Investment of growth on currency rate, Online shopping
The Government of the Bahamas will this year enable the access of Bahamians 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 $3 trillion digital of digital assets global market in The Bahamas, Prime Minister Philip Davis, is promising to transform The Bahamas into the leading digital asset hub in the Caribbean.
The nine-point policy adjectives in the white paper include exploring new opportunities in decentralized 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. (NG)
Extract from CARICOM BUSINESS Newsletter Vol 5 No 17
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