Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The Bahamas is facing challenges with the adoption of its Central Bank Digital Currency (CBDC), the Sand Dollar. Despite various incentives, including sick rebates, the adoption rate remains below 0.41%. In response, regulators are now mandating banks to distribute the Sand Dollar, moving from incentive-based strategies to regulatory enforcement, often referred to as using the regulation stick. This decision has sparked debate, with some arguing that forcing the use of CBDCs may not be a wise approach.
🚨 Bahamas Mandates Sand Dollar Rollout Bahamas is pushing banks to adopt the Sand Dollar CBDC as citizen interest lags. Adoption rates are stuck below 0.41% despite initial incentives. Regulators are moving from carrots to regulatory sticks. Is this forced rollout a smart… https://t.co/FqIhzD3lLR
🚨 Bahamas Flexin’ Hard: Forcing Banks to Push Sand Dollars Bahamas is making waves by mandating banks to roll out the Sand Dollar CBDC. Despite sick rebates, adoption’s still under 0.41%. Gov’s ditching the carrot and swinging the regulation stick. Is this a smart move or a… https://t.co/Kr7m61Zil5
Opinion: "If something has to be forced, it’s probably not a good idea. CBDCs are no exception." — @EconWithNick. This was in response to Bahamas regulators forcing banks to distribute #CBDC despite citizens' reluctance. https://t.co/Nrk2jCw2M6
