Bahamas Custodial Wallet – Compliant Development
Launch a custodial wallet in Bahamas with compliance controls mapped to SCB and DARE. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
Bahamas · Custodial Wallet
The Bahamas DARE Act regulates digital asset businesses including exchanges and token issuers.
| Jurisdiction | Bahamas |
|---|---|
| Regulator | SCB |
| Product | Custodial Wallet |
Software
Built-in compliance controls
- Custodial key management with HSM or secure enclave options
- Multi-chain deposits, withdrawals, and balance reconciliation
- Transaction monitoring and velocity limits
- Account recovery flows with identity re-verification
- Compliance reporting and user activity audit trails
- User identity verification through KYC processes
- AML compliance checks on all transactions
- Secure storage solutions for user assets
- Regular compliance audits and reporting
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What is a custodial wallet?
- A custodial wallet is a wallet where a third party holds the private keys on behalf of the users.
- What compliance is required for custodial wallets?
- Custodial wallets must comply with KYC and AML regulations set by the SCB.
- How can I ensure my wallet is compliant?
- Integrate compliance controls and work with legal partners for guidance.