The Bahamas, a pioneer in launching a central bank digital currency (CBDC), is now crafting regulations to boost the adoption of its “Sand Dollar.” According to a Reuters report published on ...

For instance, by adopting the Sand Dollar on October 20, 2020, the Bahamas became the first nation to deploy a national CBDC. With CBDCs, central banks can continue to be relevant by offering more ...

For now, the Bahamas has two levels of enrolment available to individuals: tier one users are not required to present any form of ID or link a bank account to open their Sand Dollar digital wallet, ...

The Central Bank of the Bahamas directed commercial banks to expedite the adoption of the country’s official digital currency, signaling a shift from encouragement to enforcement. Known as the “Sand ...

The Bahamas’ central bank digital currency (CBDC), known as the sand dollar, needs better reach and more security to achieve its aims, the International Monetary Fund (IMF) said in a review ...

The Bahamas became a global leader in e-money last year when it launched one of the world’s first central bank digital ­currencies—the “sand dollar”—beating China’s “digital ...