Bahamas prepares for nationwide CBDC rollout

Central bank says digital currency should improve financial inclusion – but it won’t be anonymous

Many funds-of-funds could cease to exist

The Central Bank of the Bahamas is preparing for a nationwide rollout of its digital currency, known as “Project Sand Dollar”.

The central bank digital currency (CBDC) had only been trialled in two regions, but on October 20 the central bank will begin a “gradual national release”.

That will make the Bahamas one of the first places in the world to have access to a CBDC. The central bank said it hoped the project would give all residents of the Bahamas access to digital currency on a

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