The International Monetary Fund, or IMF, has turned its attention to the Bahamas’ central bank digital currency (CBDC), the Sand Dollar, and suggested additional regulatory oversight and education.
The recommendation came following the conclusion of an Article IV consultation in the Bahamas last Wednesday.
During an interview at SALT’s Crypto Bahamas conference in May, The Bahamas Prime Minister Philip Davis told Cointelegraph that the region has a regulatory regime in place that will enable crypto businesses to operate within its jurisdiction.
Davis’ office also said in April the government would “enable payment of taxes using digital assets” by working with the central bank as well as the private sector.
It was an honor to interview the Prime Minister of the Bahamas for @Cointelegraph at @CryptoBahamas stay tuned for our coverage!
