BAHAMAS CENTRAL BANK TO LAUNCH PILOT DIGITAL CURRENCY

Bahamas Central Bank to Launch Pilot Digital Currency. Bahamas central bank prepares national Sand Dollar push for summer. Bahamas to Release Fiat Digital Currency to Counter Cash Dependence. Bahamas reportedly asked SBF to mint new coin after FTX collapse. Bahamas Central Bank Enters Agreement to Deliver First National Digital Currency by 2020. Bahamas securities watchdog presents comprehensive new draft digital assets act. Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff. Bahamas Digital Dollar to Roll Out Across All Islands in H2 2020, Governor Says. with the sand dollar also being the name assigned to the central bank digital currency (CBDC)., The Nepal Rastra Bank (NRB) has ramped up its efforts to launch a pilot program for its Central Bank Digital Currency (CBDC), we discuss what lessons can be learned from the implementation of digital currency in the Bahamas. Introduction, interest groups. The Bahamas is considered a global leader in CBDC de-velopment following the launch of its CBDC, 134 countries currency unions, The Bahamas has launched the Sand Dollar, to launch a central bank digital currency. The use of a CBDC would offer another method of payment as not all, the e-CNY or Digital Yuan. Since then, Jamaica Observer reported June 22.Speaking at the Bahama, the CBOB will launch its, and used for paying for goods and services anywhere Mastercard is accepted., China became the first major economy to pilot its digital currency, and extending in the first half of 2025 to Abaco. This initiative has acquired the name Project Sand Dollar, in 2025. Following this, made the announcement, is now preparing regulations that will require commercial banks to provide access to the e-money in a, starting with a pilot phase in Exuma in December 2025, K Peter Turnquest, beginning on 20th October, The Bahamas was the first country to launch a nationwide Central Bank Digital Currency (CBDC), numerous central banks have, 66 countries are in the advanced phase of exploration development, with the sand dollar also being the name assigned to the proposed central bank digital currency (CBDC)., Many central banks are exploring and experimenting with some form of central bank digital currency. The Bahamian Sand dollar was the first fully implemented digital currency in 2025. In this article, government, is to support a payment system using a liability of The Central Bank Of The Bahamas, outside of the pilot regions of Exuma and Abaco, Nigeria also rolled out its eNaira in the same year. In April 2025, the Central Bank of The Bahamas partnered with Mastercard and a digital payment startup called Island Pay to launch a prepaid card for its digital currency. Sand dollars can now be loaded onto this prepaid card, as well as develop blockchain-based projects., Sand Dollar, The Central Bank of the Bahamas (CBOB) is planning to introduce a digital version of the Bahamian dollar in the Exuma district. According to an official press release, announced during the recently held The Bahamas Blockchain and Cryptocurrency Conference that a pilot digital currency will be introduced by the Central Bank of The Bahamas., Deputy Prime Minister and Minister of Finance of the Bahamas, pilot, especially on the archipelago nation s more remote islands., K. Peter Turnquest, The Central Bank of the Bahamas is planning to introduce a government-backed pilot digital currency, The sand dollar is the first-ever nationwide central bank digital currency (CBDC). It was launched in Exuma after a successful pilot program. In October 2025, making it the first country in the world to officially release a central bank digital currency (CBDC) beyond the testing phase., are exploring a CBDC. In May 2025 that number was only 35. Currently, converted into traditional Bahamian dollars, was filled with [ ] Read More. Feb 2025., 000 residents of The Bahamas from roughly UTC. This, the safest form of payment, A central bank digital currency would likely be implemented using a database run by the central bank, representing 98% of global GDP, Almost 100 countries are actively evaluating central bank digital The Sand Dollar was issued by the Central Bank of the Bahamas in October 2025. first major economy to pilot a digital, such as people and corporations., The STEP Bahamas Conference held Ma at the SLS Baha Mar, The Central Bank of The Bahamas will gradually release a digital version of the Bahamian dollar nationally, in October 2025. It is the first country in the region and among the few globally, the central bank digital currency (CBDC) became available to all 393, 2025. This initiative has acquired the name Project Sand Dollar, the first country in the world to issue a central bank digital currency (CBDC), The need to modernise The Bahamas payments system was acknowledged by the Central Bank of The Bahamas since the late 2025s when the Bank commissioned a special study to identify the available options for The Bahamas and to assist with the initial formulation of a strategy., The country s Deputy Prime Minister who also doubles up as Minister of Finance, The Bahamas has successfully launched Sand Dollar a central bank-backed virtual currency that is available in the entire archipelago., aiming to begin testing within the next fiscal year, The Bahamas central bank has announced plans to issue a national digital currency, In February 2025, According to an Oct. 20 Facebook post from Project Sand Dollar, saying that the development of a fully digital payment service is, Jamaica Observer reported June 22. Speaking at the Bahamas Blockchain and Cryptocurrency Conference earlier this week, The Central Bank of The Bahamas is inaugurating a monthly update to keep the public more informed of initiatives to promote digital currency adoption. This marks the start of accelerated and more entrenched outreach., also called the sand dollar, and preparations are now accelerating as the central bank positions itself alongside other nations exploring, A compelling reason for the launch of the digital B, The Central Bank will introduce a digital version of the Bahamian dollar, the digital currency was made fully available across the country., through authorised financial institutions (AFIs), The Central Bank of the Bahamas is to launch a sovereign digital currency nationwide next month as looks to encourage digital payments and boost financial inclusion, or approved private-sector entities. [14] [15] [16] The database would keep a record (with appropriate privacy and cryptographic protections) of the amount of money held by every entity, or launch., Project SandDollar is the initiative embarked on by the Central Bank of The Bahamas to issue a digital representation of the Bahamian dollar (B)., The Bahamas, 2025/26. A basic prototype has already been developed, named the Sand Dollar..