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Central Bank of the Bahamas

Bahamas will issue first digital currency in 2020

May 30, 2019

The Central Bank of the Bahamas (CBOB) will sign an official agreement with transaction provider NZIA.io to build and implement the "Project Sand Dollar", the first digital currency of the Bahamas. The bank said that the "Project Sand Dollar" initiative will be an "integrated and affordable…

The Bahamas will regulate ICOs and cryptocurrencies

Legna del Valle Sáenz Nov 9, 2018

The regulatory framework seeks to solve several challenges that the bank associates with the use of cryptocurrencies, including tax evasion, market volatility, fraudulent Initial Coin Offerings (ICOs) and anti-money laundering policies.…

Cryptocurrencies

The Bahamas Launches Local Cryptocurrency Pilot Project

Marilin Pino Jun 25, 2018

Through a statement issued by the Central Bank of The Bahamas, the Prime Minister and also Minister of Finance of the Caribbean island, K. Peter Turnquest, announced the launch of a pilot plan for a local cryptocurrency. Among the main…