How “Tiny” Bahamas Beat Global Giants in the Central Bank Digital Currencies (CBDC) Race

Since 2019, The Bahamas is the global leader in e-money when it launched its “sand dollar” – a digital version of the Bahamas Dollar and controlled by the central bank – effectively beating China’s “digital renminbi” by six months. PricewaterhouseCoopers (PwC) has given the Sand Dollar the highest ranking — above even China’s digital yuan — in a report ranking Central Bank digital currencies.

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