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Central Bank of Bahamas Launches Digital Currency Today

The Commonwealth of the Bahamas is the newest country to adopt its own digital currency. Starting today, residents of the Exuma district will have access to a pilot run of the country’s central bank digital currency (CBDC).According to an official press release published on Tuesday, December 24, the pilot run is called the “Project Sand Dollar” as the CBDC is called the “Sand Dollar”. The announcement also states that the Bahamas digital currency furthers the Bahamian Payments System...

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