Bahamas are preparing to apply the legislation that requires the digital currency (CBDC) of the Central Bank of Commercial Banks to support the Central Bank of Commercial Banks and I hope.
June 2 report From Reuters, the Governor of the Bahamas John Rolle said that it was less ideal for a less ideal CBDC So far, commercial banks will be legally required to spread digital money.
Rolle said CBDC rules are ready to be applied for a while in the next two years.
“We will see a process of all trading banks in this space and will be required to enter the digital currency of the Central Bank,” Rolle added.
The adoption of sand dollars has been slightly shortcoming in the country, despite the application of the currency in 2020 – with CBDC and less than 1% of the currency in the Bahamas.
Meanwhile, the total amount of the wallet fell to $ 12 million in the last year in January-August last year, and in 2022 at the same time in 2022.
While the trade banks require sand dollars, it will be important for individual banks, and the Central Bank of Bahamas is more widespread to increase CBDC and mobile payments.
The bahamas are not the only country that CBDC is a lesser extent than expected.
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Several government employees, who are included in the Chinese CBDC pilot program, in May Preferred to cash out their digitals Digital yuan for traditional cash, limited use and concerns about state control.
Nigeria, a pioneer of CBDCs in Africa, looks into similar issues.
In spite of Many attempts to increase receivingsaw the country’s CBDC rates low dwindle between citizens. From the mid-2023 Less than 1% of Nigerians There is a daily event with bank accounts and the Eyaaira wallet, and this wallet was less than 1.5%.
They were the baits The world’s first country To present a CBDC, giving its Sand dollar In October 2020, digital currency for 393,000 residents.
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