Bahamas rolls out first phase of CBDC pilot

Many funds-of-funds could cease to exist

The Central Bank of the Bahamas has rolled out the first phase of its digital currency pilot, with plans to extend it to a second region in the first half of 2020.

Exuma, a district in the Bahamas, has been chosen as the first location to test the proposed “sand dollar” – the Central Bank of Bahamas’ central bank digital currency (CBDC). In February, the central bank plans to extend the pilot, which will run for a total of six months, to Abaco.

“As the pilot progresses in Exuma, the central

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