Governor says central bank will introduce measures over next two years amid low take-up
Central Bank of the Bahamas
The Central Bank of The Bahamas is preparing regulations that will require local commercial lenders to distribute its central bank digital currency (CBDC), according to reports.
Governor John Rolle told Reuters that commercial banks in the Bahamas should expect regulations forcing the commercial distribution of the CBDC, called the ‘sand dollar’. “We foresee a process where all of the commercial banks will eventually be in that space and they will be required to provide their clients with access
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
You are currently on corporate access.
To use this feature you will need an individual account. If you have one already please sign in.
Alternatively you can request an individual account
.
by :
Source link
