Bahamas launches Sand Dollar, the world’s first official CBDC
The Central Bank of the Bahamas has developed the Sand Dollar to be transferrable via mobile phones, making it easy to use for the residents.
Latest Bahamas News
Bahamas seeks international use of Sand Dollar digital currency
Officials at the Central Bank of the Bahamas are looking at integrating the Sand Dollar into the global financial system.
Bahamas to launch Sand Dollar digital currency in October
The Bahamas, a country of 400,000 people, has been pilot testing its digital currency—the Sand Dollar—since December 2019.
Bahamas central bank adds new digital currency to balance sheet
There was $48,000 worth of its central bank digital currency, the Sand Dollar, in circulation, according to the Bahamas central bank.
Bahamas gets closer to CBDC launch in post-Hurricane Dorian rebuild
Bahamas started developing the Sand Dollar after the 2019 hurricane, seeking to "full-proof" its financial system against such destruction in the future.
Bahamas must get into the digital currency race: Former Caribbean AG
A former AG with the Caribbean island of Anguilla has urged Bahamas to step up its efforts in implementing a digital currency or risk losing to its neighbors.
This week in tech: YouTube wages war against crypto industry
Crypto YouTubers ended the year on a sour note, clashing with the video-sharing platform as South Korea, China and Bahamas advanced their CBDC projects.
Bahamas central bank moves forward on digital currency plans
The Central Bank of the Bahamas is moving up plans to release their own digital currency as part of their bid to keep the country's economy moving forward.
This week in tech: China all in on blockchain, more nations explore CBDCs
Led by its Chairman Xi Jinping, China is all in on blockchain as Bahamas explores CBDC. Regulators are also stepping up their game as blockchain makes its mark
Local startups at the forefront of Bahamian “Project Sand Dollar”
Sand Dollar is an initiative to tokenize the Central Bank Digital Currency (CBOB)’s digital fiat currency as a central bank digital currency.
Bahamas central bank confirms national digital currency by 2020
The bank is preparing to enter into a deal for the development of the new currency system as part of a scheme dubbed “Project Sand Dollar.”
Bahamas regulators propose a bill on token sales
The Securities Commission of the Bahamas (SCB) has filed a draft of the new bill that will regulate token offerings.