The Bahamas is set to introduce legislation to compel commercial banks to support its central bank digital currency (CBDC), the "Sand Dollar", in a bid to increase its adoption. The move comes after less-than-expected uptake of the CBDC, which accounts for less than 1% of the country's currency. The total volume of Sand Dollar wallet top-ups has also fallen significantly. Despite the tech overhauls this would require for banks, the central bank believes boosting CBDC and mobile payment adoption is crucial. The rules are expected to be enforced within the next two years.