The Bahamian government is set to mandate commercial banks to distribute its central bank digital currency (CBDC), known as the Sand Dollar. Despite low usage, the Central Bank of The Bahamas plans to enforce CBDC distribution through regulations. This move mirrors Nigeria's strategy of incentivizing CBDC adoption with discounts and ultimately resorting to cash withdrawal to boost usage. The contrast between public and private sector responses is evident, with governments having the power to enforce compliance. While businesses adapt or close based on market demand, governments can resort to force. The push for CBDC adoption raises concerns about the necessity of coercion in promoting digital currencies. Central bankers should consider that if a concept requires force, it may not be viable. The examples of Nigeria and The Bahamas highlight the challenges and implications of government-led initiatives in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news