A bellwether moment for CBDC plans

Launch of ‘sand dollar’ may herald a new era of CBDCs as Fed and ECB step up their preparations

A bellwether moment was reached in October last year when the Central Bank of the Bahamas became the first body with authority over public money to issue a nationwide, retail central bank digital currency (CBDC). The ‘sand dollar’, the digital equivalent of the Bahamian dollar, aims to provide inclusive access to regulated payments and other financial services.

The soft launch – there was no fanfare beyond a social media post – may highlight concerns about the risks associated with the project

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: