December 26, 2019 The Bahamas to pilot a digital currency.

The “Sand Dollar”, designed as a ‘digital fiat currency’ will go live Friday, December 27th on Exuma island. The pilot will proceed with several restrictions: individual wallets will start with a $500 max, and businesses cannot hold more than $1 million in their digital wallets, nor can they transact more than one-eighth of their annual business through the wallets in any given month.