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Sand Dollar

Bahamas to force banks to support its CBDC
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10 July, 2024

Bahamas to force banks to support its CBDC

Since its launch in 2020, the Sand Dollar CBDC has failed to garner the expected uptake in the Bahamas, forcing...
Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official
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11 March, 2024

Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official

Bahamians have been willing to explore the CBDC, with 120,000 of the island’s 400,000 opening accounts, but they have only...
The Bahamas to allow tax payments in digital assets
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27 April, 2022

The Bahamas to allow tax payments in digital assets

Prime Minister Phillip Davis unveiled a white paper that charts out his plans for the digital asset future of the...
PwC: More than 80% of central banks have considered launching CBDC
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9 April, 2022

PwC: More than 80% of central banks have considered launching CBDC

The PwC Global CBDC Index placed Nigeria and the Bahamas at the top of the retail CBDC developments, with Thailand...
CBDC development is accelerating, but China isn’t winning the race: PwC report
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24 April, 2021

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
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10 April, 2021

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.
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