Author: Michele Marius

ICTP 121: Launching a digital currency in the Caribbean, with the Central Bank of the Bahamas

ICTP 121: Launching a digital currency in the Caribbean, with the Central Bank of the Bahamas

Posted by | 2 Sep 2020 |

Plans are underway in the Bahamas to launch its central bank digital currency (CBDC), the Sand Dollar, in October 2020. In our conversation with Cleopatra Davis and Chaozhen Bobby Chen, of the Central Bank of The Bahamas, we learn, among other things, more about the Sand Dollar, how it will better serve the unbanked and underbanked, and how the Bank intends to manage the KYC and AML requirements for this new currency.

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