Sand Dollar: The Bahamas Has Released the new Central Bank Digital Currency

The Central Bank of the Bahamas has launched the country’s central bank digital currency (CBDC) called “Sand Dollar” on October 21, 2020. Like any CBDC, it is state-backed and is now available nationwide. In addition, the Sand Dollar is built using blockchain technology, which rarely happens with CBDCs. Central Bank of The Bahamas’ Digital Dollar… Continue reading Sand Dollar: The Bahamas Has Released the new Central Bank Digital Currency

A Beachfront Development in Nassau Is Now the First to Accept and Embrace Digital Currencies for Real Estate Purchases

The Residences at Goldwynn, a sophisticated luxury beachfront condominium and resort development at Cable Beach in The Bahamas, has announced that they are now accepting multiple digital currencies for real estate purchases. This, according to a press release shared with BTCManager, November 14, 2019. One Step Toward Pushing Cryptocurrencies to the Mainstream Matthew Marco, Director of Sales… Continue reading A Beachfront Development in Nassau Is Now the First to Accept and Embrace Digital Currencies for Real Estate Purchases

Central Bank of Bahamas to Launch a CBDC by 2020

The Central Bank of The Bahamas (CBOB) is set to move one step closer toward a nation-wide digital payment structure as it looks to ink a business partnership with transaction provider NZIA.io on May 30, 2019. This according to a report by The Nassau Guardian, published on May 29, 2019. Project “Sand Dollar” To the… Continue reading Central Bank of Bahamas to Launch a CBDC by 2020

The Bahamas SCB Files Draft for Regulating Crypto Industry

The Securities Commission of The Bahamas has escalated their proposal to create a new regulatory framework for the issuance and sale of digital tokens in order to attract more blockchain business to set up offices on the island. This according to the proposed Digital Assets And Registered Exchanges Bill, 2019. Accepting and Regulating the Change… Continue reading The Bahamas SCB Files Draft for Regulating Crypto Industry

Necessity: Bahamas Central Bank to Develop National Cryptocurrency

At a time when the Bank of International Settlements (BIS)  and some other pessimistic world governments have condemned blockchain technology and digital currencies citing volatility and scalability issues, this island nation has resorted to distributed ledger technology and digital currency in a bid to solve its problems. Central Bank-Backed Cryptocurrency The Bahamas, a small island… Continue reading Necessity: Bahamas Central Bank to Develop National Cryptocurrency