**The Central Bank of the Bahamas launched a pilot testing of a Central Bank Digital Currency (CBDC)** that was introduced on 27 December 2019. A so-called “sand dollar” is starting a pilot phase in Exuma, one of the districts of the Bahamas, and will extend to the Abaco Islands in the first half of 2020. The testing will allow collecting the data on the performance of the digital currency. ...

...tronic money and establish digital currency as a legal tender.** According to the Central Bank, introducing the cryptocurrency will be a valuable input for handling economic issues. It will be the blockchain-based digital fiat currency dubbed “sand dollar” developed to boost the stability and resilience of the country’s economy. “sand dollar” will be made available in the form of a d...