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Bahamas to Mandate Banks to Distribute Central Bank Digital Currency

Started by Bitcoin, Jul 03, 2024, 06:53 am

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Bahamas to Mandate Banks to Distribute Central Bank Digital Currency

Bahamas to Mandate Banks to Distribute Central Bank Digital CurrencyThe Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented within two years. “We’ve begun to signal that to our […]

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