The country is relatively new to crypto adoption, but is building momentum quickly.
This makes The Bahamas one of the first countries in the world to officially launch a CBDC beyond a pilot program.
The U.S. already has a “safe and active dynamic domestic payment system,” Powell argued.
A digital euro would not replace cash, but complement it, says the European Central Bank.
People continue to turn to Bitcoin and other cryptocurrencies to boost their profits even amid a pandemic.
The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform.