ICTP 121: Launching a digital currency in the Caribbean, with the Central Bank of the Bahamas
Worldwide, there has been a race to see which country will launch a digital currency, with countries, such as China, the United States, Great Britain, France, South Korea and the Bahamas, all vying to be first movers. Plans are underway in the Bahamas to launch its central bank digital currency, the Sand Dollar, in October 2020. In our conversation with Cleopatra Davis and Chaozhen Bobby Chen, of the Central Bank of The Bahamas, we learn, among other things: What the impetus was for the Bahamas to develop its own digital currency; How the Sand Dollar may better serve the underbanked and unbanked in the Bahamas; and How the Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements will be managed for this new digital currency. Show notes and links to some of the things mentioned during the episode can be found at www.ict-pulse.com/category/podcast/ Do subscribe and leave us a review!