FTX implosion is the real ‘red wave’
This week’s dramatic implosion of the FTX exchange continues to disgorge a seemingly nonstop parade of machinations and sordid revelations that threatens to engulf the entire digital asset sector.
Latest Bahamas News
IMF recommends Bahamas deepen CBDC education campaign
Bahamas' central bank digital currency currently makes up about 0.1% of the country's money supply, prompting the IMF to recommend that the Caribbean country accelerate its CBDC education campaign and expand its capacity.
CBDC development is accelerating, but China isn’t winning the race: PwC report
PwC published its inaugural Global CBDC Index recently, measuring global central banks’ maturity level in deploying their own digital currency.
Jamaica, Ireland firm partner to test CBDC project in 2021
After the Bahamas, Jamaica would pilot test central bank digital currency. Roll-out expected in early 2022.
Bahamas launches the first digital currency-linked debit card
The Bahamas launched the Sand Dollar as it sought to insulate its financial system against the constant disruptions that occur whenever the country experiences a natural disaster.
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.
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.