The post Central Bank of Bahamas Sets 2-Year Target To Integrate Sand Dollar CBDC Into Commercial Banks appeared first on Coinpedia Fintech News
The Central Bank of Bahamas has set a two-year goal to integrate the Sand Dollar CBDC fully into commercial banks, to boost its adoption. Commercial banks must adjust their IT systems to adapt to the new requirements as the integration progresses. The strategy adopted by the Bahamas reflects a growing global trend where central banks …
The post Central Bank of Bahamas Sets 2-Year Target To Integrate Sand Dollar CBDC Into Commercial Banks appeared first on Coinpedia Fintech News
The Central Bank of Bahamas has set a two-year goal to integrate the Sand Dollar CBDC fully into commercial banks, to boost its adoption. Commercial banks must adjust their IT systems to adapt to the new requirements as the integration progresses. The strategy adopted by the Bahamas reflects a growing global trend where central banks are looking to enforce the adoption of digital currencies. The bank is focusing on regulatory measures to ensure widespread adoption and is avoiding financial incentives for using its CBDC
