The Bahamas pushes for CBDC adoption of ‘Sand Dollar’

The Bahamas, a pioneer in launching a central bank digital currency (CBDC), is now crafting regulations to boost the adoption of its “Sand Dollar.”

According to a Reuters report published on Monday, the Caribbean nation aims to mandate commercial banks to offer access to this digital currency. John Rolle, governor of the Bahamas’ central bank, revealed plans to expand the Sand Dollar’s reach. He said:

We foresee a process where all of the commercial banks will eventually be in that...