To promote the adoption of its central bank digital currency (CBDC), the "Sand Dollar," the Bahamas has set a two-year timeline to integrate it into commercial bank operations. John Rolle, the Governor of the Central Bank of The Bahamas, announced plans to establish the necessary regulations and ensure that all commercial banks provide access to the CBDC for their clients.
This initiative aims to enhance the usability and accessibility of the Sand Dollar, encouraging broader use among the Bahamian population.
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