๐ด Bahamas' Central Bank is playing "carrot and stick" with its digital currency, the Sand Dollar. Despite initial incentives, adoption remains low at 0.41%. So, the bank's swapping carrots for sticks, forcing commercial banks to distribute the CBDC. ๐ฅโก๏ธ๐ Similar tactics in Nigeria led to a rise in CBDC adoption, but not without public unrest. Unlike private ventures, government projects can resort to force. But remember, if it needs force, it's probably not a great idea. Thoughts? ๐ญ #CBDC #Bahamas #CryptoNews