News with the tag "Bahamas"

Five students from the University of The Bahamas each won $10,000 for their digital music and art creations as part of the university’s NFT Digital Arts Project, sponsored by Snoop Dogg’s son Cordell Broadus. According to a report by Bahamas…

New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing for...

The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital asse...

The Bahamas, where bankrupt cryptocurrency exchange FTX was headquartered, has seen a new crypto law passed in parliament, The Securities Commission of The Bahamas announced on Tuesday.

Regulators in the Bahamas are sick of their citizens' reluctance to adopt a CBDC, so they're forcing commercial banks to get on board.

The Bahamas was one of the first countries in the world to launch a central bank digital currency (CBDC) — the “Sand Dollar” in 2020 — and is now looking for ways to boost its adoption by forcing banks. The Bahamas is preparing to introduce legislation requiring commercial banks to support its “Sand...

The Central Bank of Bahamas mandates Sand Dollar CBDC adoption in two years, pushing banks to upgrade IT systems for improved integration. The Central Bank of Bahamas sets a two-year goal to integrate the Sand Dollar CBDC fully into commercial banks. Commercial banks in the Bahamas must update IT sy...

The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented withi...

The Bahamas was one of the first countries in the world to launch a central bank digital currency — the “Sand Dollar” in 2020 — and is now looking for ways to boost its adoption.

To boost the adoption of its central bank digital currency (CBDC), the “Sand Dollar,” the Bahamas has set a two-year timeline to integrate the currency into the operations of commercial banks. John Rolle, the Governor of the Central Bank of The Bahamas, has communicated plans to establish necessary ...