Reported 12 months ago
The Bahamas, as the first country to issue a central bank digital currency (CBDC) with its 'Sand Dollar' in 2020, is now planning to regulate commercial banks to provide access to the e-money to boost adoption. The move by the Bahamas, closely observed by over 130 countries exploring digital currencies, marks a significant step in the CBDC realm. Central bank governor John Rolle mentioned the forthcoming regulations to compel commercial banks to distribute the CBDC, aiming to increase its usage in mobile payments.
Source: YAHOO