Monday, January 24, 2022

Latest Posts

Central Bank Of Bahamas: Introducing Digital Currency

- Advertisement -

Central Bank Of Bahamas: Introducing Digital Currency

  • The Central Bank of the Bahamas is planning to start a rollout of its new digital currency
  • Called Project Sand Dollar, the name of the currency will also be the sand dollar
  • The intent is to start a fully-fledged central bank digital currency (CBDC)
  • Then the move is long-awaited and comes after years of work through the Bahamian Payments System Modernization Initiative (PSMI)
  • After its rollout in Exuma, the sand dollar will be released in Abaco in the first half of 2020
  • While the project takes off in Exuma, the bank will be working to strengthen consumer protection and enact regulations

Latest Posts

Don't Miss