The Central Bank of the Bahamas is drafting regulations requiring commercial banks to provide central bank digital currency services

BlockBeats reported that on July 2, The Block reported that the Central Bank of the Bahamas is formulating regulations requiring commercial banks to provide access to its central bank digital currency.

The governor of the Central Bank of the Bahamas, John Rolle, said that the adoption of the Sand Dollar (the Bahamas’ CBDC launched in 2020) is still limited, so the government is developing regulations to effectively force commercial banks to issue central bank digital currencies to promote its popularity.