Bahamas to launch their digital currency by the end of 2020

The Fed Isn’t Ready for a Digital Currency

Bahamas to launch their digital currency by the end of 2020

The head of the Central Bank of the Bahamas, John Roll, said that the launch of the national digital currency is scheduled for the second half of 2020..

The Bahamas Digital Dollar Is Already Testing Through The Project Sand Dollar Initiative on the group of northern islands of Abaco. However, the CBBO has not yet completed the registration of all citizens who have expressed their desire to take part in the pilot project, as well as not to the end formed the regulatory framework and technical infrastructure.

Bahamas to launch their digital currency by the end of 2020

However, John Roll said that the full launch of the digital currency will take place later than 2020. According to him, the sand dollar is not a separate currency, but only a digital analogue of fiat, so its cost will never be different.

John Roll also said that so far, the national digital currency is intended exclusively for use in the Bahamas, but in the future, changes in the concept may be made..

text: Ivan Malichenko, photo: proexpress

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