Bahamas takes steps towards digital currency as legal tender

Digital currency

The Central Bank of the Bahamas is proposing to amend its governing law to enable it to issue digital currency as legal tender.

The central bank has also set out related legal proposals governing counterfeiting and the bank’s role in setting the regulatory framework for digital currencies.

The move was outlined in the central bank’s second round of consultations on the draft Central Bank of The Bahamas Bill 2019, published on October 7.

“Electronic money issued by the central bank is legal

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