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

ChainCatcher news, according to The Block, the Central Bank of the Bahamas is developing regulations requiring commercial banks to provide access to its central bank digital currency.

John Rolle, the Governor of the Central Bank of the Bahamas, stated that the adoption of the Sand Dollar (the CBDC launched by the Bahamas in 2020) is still limited, so the government is formulating regulations to effectively compel commercial banks to issue the central bank digital currency to promote its adoption.