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Sand Dollar

Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official
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11 March, 2024

Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official

Bahamians have been willing to explore the CBDC, with 120,000 of the island’s 400,000 opening accounts, but they have only...
The Bahamas to allow tax payments in digital assets
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27 April, 2022

The Bahamas to allow tax payments in digital assets

Prime Minister Phillip Davis unveiled a white paper that charts out his plans for the digital asset future of the...
PwC: More than 80% of central banks have considered launching CBDC
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9 April, 2022

PwC: More than 80% of central banks have considered launching CBDC

The PwC Global CBDC Index placed Nigeria and the Bahamas at the top of the retail CBDC developments, with Thailand...
CBDC development is accelerating, but China isn’t winning the race: PwC report
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24 April, 2021

CBDC development is accelerating, but China isn’t winning the race: PwC report

PwC published its inaugural Global CBDC Index recently, measuring global central banks’ maturity level in deploying their own digital currency.
Jamaica, Ireland firm partner to test CBDC project in 2021
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10 April, 2021

Jamaica, Ireland firm partner to test CBDC project in 2021

After the Bahamas, Jamaica would pilot test central bank digital currency. Roll-out expected in early 2022.
Bahamas launches the first digital currency-linked debit card
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20 February, 2021

Bahamas launches the first digital currency-linked debit card

The Bahamas launched the Sand Dollar as it sought to insulate its financial system against the constant disruptions that occur...
CoinGeek Pulse Episode 18: World’s first CBDC, PayPal’s HODL scheme and Pumpkin Man Craig
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30 October, 2020

CoinGeek Pulse Episode 18: World’s first CBDC, PayPal’s HODL scheme and Pumpkin Man Craig

This week in CoinGeek Pulse, we are running down the top stories that shake the Bitcoin and blockchain industry.
Bahamas launches Sand Dollar, the world’s first official CBDC
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28 October, 2020

Bahamas launches Sand Dollar, the world’s first official CBDC

The Central Bank of the Bahamas has developed the Sand Dollar to be transferrable via mobile phones, making it easy...
Bahamas seeks international use of Sand Dollar digital currency
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21 October, 2020

Bahamas seeks international use of Sand Dollar digital currency

Officials at the Central Bank of the Bahamas are looking at integrating the Sand Dollar into the global financial system.
Bahamas to launch Sand Dollar digital currency in October
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19 September, 2020

Bahamas to launch Sand Dollar digital currency in October

The Bahamas, a country of 400,000 people, has been pilot testing its digital currency—the Sand Dollar—since December 2019.
Bahamas central bank adds new digital currency to balance sheet
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27 August, 2020

Bahamas central bank adds new digital currency to balance sheet

There was $48,000 worth of its central bank digital currency, the Sand Dollar, in circulation, according to the Bahamas central...
Bahamas gets closer to CBDC launch in post-Hurricane Dorian rebuild
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20 July, 2020

Bahamas gets closer to CBDC launch in post-Hurricane Dorian rebuild

Bahamas started developing the Sand Dollar after the 2019 hurricane, seeking to "full-proof" its financial system against such destruction in...