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The Bahamas Launches Its Central Bank Digital Currency
Summary: The Central Bank of the Bahamas today launched its own blockchain-based central bank digital currency (CBDC), making it one of the first countries in the world to do so. Called “Sand Dollars,” the tokens are minted and regulated by the nation’s central bank, that are integrated with the Caribbean island nation’s payments networks. A representative ...
The Central Bank of the Bahamas today launched its own blockchain-based central bank digital currency (CBDC), making it one of the first countries in the world to do so.
Called “Sand Dollars,” the tokens are minted and regulated by the nation’s central bank, that are integrated with the Caribbean island nation’s payments networks.
A representative from the nation’s central bank said that its 385,000 citizens can set up Project Sand accounts today and process transactions.
By Amy Liu
Tags: Bahamas,Blockchain,CBDC
Link: The Bahamas Launches Its Central Bank Digital Currency [Copy]
