Category

Bahamas

Category

Effective as of December 27, 2019, the Bahamas went live with its central bank digital currency (“CBDC” ) platform, known as the Sand Dollar.  It will undergo a pilot phase testing in Exuma, which will be extended in the first half  of 2020 to Abaco.  According to the outline published by the Central Bank of the Bahamas, the Sand Dollar is a digital fiat currency, not a cryptocurrency: A digital fiat currency would not be…