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Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies
19.9.2024
New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing...
Bahamas wants to force banks to support its ‘Sand dollar’ CBDC
2.7.2024
The Bahamas was one of the first countries in the world to launch a central bank digital currency — the “Sand Dollar” in 2020 — and is now looking for ways to boost its adoption
Sand Dollar Digital Currency Struggle for Relevance After FTX Disaster
15.1.2023
The Sand Dollar, a digital version of the Bahamian dollar, is in a tight spot within the island nation following the unprecedented collapse of cryptocurrency exchange FTX.
FTX, once the third-largest cryptocurrency exchange in the world with a valuation of $32 billion at its peak, was based in...
Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas - IMF
10.5.2022
The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said....
Read More: Sand Dollar CBDC Could...
Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
4.5.2021
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption,...