Bahamas to launch a pilot digital currency project

The Bahamian Minister of Finance, Mr. Peter Turnquest and revealed his commitment to launch of a pilot digital currency project in Bahamas. He highlighted the recent downsizing of commercial banks as they pull out of smaller communities and need for a convenient and cost-effective method of payments.

He also indicated his intention to explore the application of blockchain technology to improve efficiency in various government services as his government aims to make The Bahamas the “digital paradise of the region”.

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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