Jamaica

Bank of Jamaica

Bank of Jamaica mints first round of CBDC

TL;DR Breakdown Bank of Jamaica mints first round of CBDCs. To tap third parties for anti-money laundering development. In a remarkable development for the cryptocurrency space, the Bank of Jamaica (BoJ) has announced the successful minting of the country’s first batch of digital Jamaican dollars. According to the announcement, the Bank of Jamaica, following its…

Bank of Jamaica

Bank of Jamaica rolls out plan to test CBDC

TL;DR Breakdown Bank of Jamaica to begin testing CBDC August Financial institutions to help BOJ distribute CBDC Jamaica CBDC an alternate to fiat currencies The Bank of Jamaica has announced plans to begin testing the country‚Äôs Central Bank Digital Currency (CBDC) by next month (August). Local reports in the country report that Bank of Jamaica…