The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut
The Bahamas has unveiled key details of its historic launch of a central bank digital currency, now slated to debut on Oct. 20.
The multinational banking giant has been calling digital currency all but inevitable since 2014.
The Bahamas has officially launched the world's first national digital currency, the sand dollar.
The group is preparing to conduct a feasibility study for its virtual currency in 2021.
It is not immediately known if Powell’s remarks will include his thoughts on a digital dollar.
Central banks are rushing into digital currencies without considering how the risks might outweigh any benefits, the column argues.