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 ...

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 ...

Central bank digital currencies are still a relatively new payment method around the world, but now they’re starting to address the issue of user authentication, and at least one is doing it with ...

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 ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Bahamian consumers can now link their SunCash account to PopPay to enable ...

PopID and SunCash announced that for the “first time” in history, consumers can now use the PopPay face verification platform “to purchase goods and services with a central bank digital currency (CBDC ...

The Bahamas’ central bank digital currency (CBDC), known as the sand dollar, needs better reach and more security to achieve its aims, the International Monetary Fund (IMF) said in a review published ...

In the era of rapidly evolving monetary systems, central bank digital currencies (CBDCs) have emerged as a new frontier. Already live in various developing and emerging market economies — namely ...