The Bahamas is preparing to introduce legislation requiring commercial banks to support its Sand Dollar central bank digital currency (CBDC) and hopefully boost its adoption. In a June 2 report from ...

Regulators in the Bahamas are sick of their citizens' reluctance to adopt a CBDC, so they're forcing commercial banks to get on board. The Bahamian government will soon start forcing commercial banks ...

The Central Bank of The Bahamas, which launched world's first digital fiat currency in 2020, is mulling to mandate banks to support its central bank digital currency (CBDC) – "Sand Dollar." The ...

The European Central Bank is reportedly aiming to launch its digital euro in 2029, provided a legal framework can be hammered ...

LONDON (Reuters) - The Bahamas, the first country in the world to issue a central bank digital currency (CBDC), is now preparing regulations that will require commercial banks to provide access to the ...

The IMF study, supported by the World Bank and Sweden’s Riksbank, finds that retail central bank digital currencies could revolutionize welfare delivery if used as programmable platforms enabling ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The panel included Henry Campell, manager of the Central Bank ...

India and Brazil are the latest countries to jump on the CBDC bandwagon by announcing upcoming pilot projects. The move comes as countries like China and The Bahamas have already launched their CBDCs, ...

Central bank digital currencies (CBDCs) may require a network of international deals to stop state-backed money from infringing on other countries’ sovereignty, European Union Commissioner Paolo ...

For almost 80 years, the US dollar has dominated the global financial system. Its pre-eminence survived the collapse of the Bretton Woods system in the early 1970s and has even risen since the ...