Central Bank of The Bahamas to begin piloting digital currency

The Central Bank of The Bahamas will begin piloting its digital currency tied to the Bahamian Dollar, nicknamed Project Sand Dollar, in Exuma on December 27, 2019, according to an official press release. The pilot program will extend into the first half of 2020 to Abaco, according to the central bank.

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In a document outlining how Project Sand Dollar will work, the Central Bank noted that as the pilot program progresses, it will "simultaneously promote the development of new