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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: