ChainCatcher news, according to Reuters, the Bahamas is preparing to introduce legislation requiring commercial banks to support its central bank digital currency "Sand Dollar" to promote its adoption. John Rolle, governor of the Central Bank of the Bahamas, said that CBDC rules should be implemented within the next two years, and all commercial banks are expected to eventually enter the field and will be required to provide their customers with access to central bank digital currencies.

The Central Bank of the Bahamas launched the CBDC "Sand Dollar" in 2020, and its CBDC currently accounts for less than 1% of the currency in circulation in the Bahamas.