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Nalezeno "The Sand Dollar": 19

Bahamas to Mandate Banks to Distribute Central Bank Digital Currency


The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented...

Sand Dollar Digital Currency Struggle for Relevance After FTX Disaster


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


  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...

Central Bank of Brazil Issues Guidelines for Its CBDC


The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document...

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