Bahamas central bank prepares national Sand Dollar push this summer

Bahamas central bank prepares national Sand Dollar push this summer

The Bahamas is beginning a push for national digital currency adoption this summer, the central bank’s governor, John Rolle, said. The Central Bank of the Bahamas is preparing a national push for its digital currency this summer to get more Bahamians signing up for the Sand Dollar.In another move toward the adoption of the Bahamas’ central bank digital currency, the CBOB is now focused on connecting mobile Sand Dollar wallets with commercial banking systems,…

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Japanese Officials Are Working on a Digital Currency

Japanese Officials Are Working on a Digital Currency

Japan appears to have reversed its earlier stance on CBDCs as Facebook’s Libra and China’s digital yuan pressure decision makers to release a digital yen. Ruling party lawmakers in Japan are reportedly working on a proposal to issue a national digital currency, Reuters reports on Jan. 24. This appears to be a response to fears of a Chinese digital yuan.The planned digital yen would be jointly developed by the government and private companies, and…

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World Economic Forum Debuts Framework for Central Bank Digital Currency

World Economic Forum Debuts Framework for Central Bank Digital Currency

The World Economic Forum has released a toolkit for policymakers regarding the creation of central bank digital currencies. The World Economic Forum (WEF) — together with some of the world’s major central banks — has created a central bank digital currency (CBDC) policymaker toolkit.According to an announcement  on Jan. 22, the toolkit is the WEF’s attempt to help policy-makers understand whether deploying a CBDC would be advantageous and guide them through its design.The WEF…

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China’s Central Bank Completes Top-Later Design and Joint Tests of Planned CBDC

The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency. The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency (CBDC).As domestic news outlet Sina reported on Jan. 10, People’s Bank of China (PBoC) accomplished the top-layer design of the planned digital yuan, developed relevant standards, carried out research and development and a joint…

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