sand dollar – DIGIT INFO

Bahamas to Mandate Banks to Distribute Central Bank Digital Currency

DIGIT — Wed, 03 Jul 2024 04:29:36 +0000

The 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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IMF recommends the Bahamas ‘accelerate its education campaigns’ on CBDC

DIGIT — Mon, 09 May 2022 20:04:46 +0000

In addition to recommending the financial education of the public in the Bahamas, the IMF hinted at the importance of a “robust supervisory and regulatory framework” for digital assets.

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The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

DIGIT — Thu, 21 Apr 2022 19:00:00 +0000

“We have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean,” said Philip Davis, prime minister of the Bahamas.

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Central Bank of Brazil Issues Guidelines for Its CBDC

DIGIT — Mon, 31 May 2021 08:00:06 +0000

The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document recognizes there have been discussions about […]

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The Bahamas launches world’s first CBDC, the ‘Sand Dollar’

DIGIT — Wed, 21 Oct 2020 01:14:52 +0000

This makes The Bahamas one of the first countries in the world to officially launch a CBDC beyond a pilot program.

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