October 22, 2020 Bahamas launch ‘Sand Dollar’ CBDC.

The Central Bank of Bahamas announced yesterday the issuance of its the ‘Sand Dollar,’ a digital version of the Bahamian Dollar. The cryptoasset represents the first central bank digital currency to become fully operational. The effort intends to provide alternative financial services to underserved communities, namely those living on smaller islands whose geography is unable to accommodate traditional infrastructure.