Today news
About the same in other media
19.01 - 03:58
Bank of Jamaica completes first CBDC pilot
Reading now: 560
The Bank of Jamaica (BoJ) has successfully completed its first central bank digital currency (CBDC), targeting a national rollout in the first quarter of 2022.
After proceeding with initial CBDC prototype testing in March 2021, Jamaica’s central bank finished an eight-month-long pilot last Friday, the Jamaica Information Service reported.
As part of the pilot, the BoJ minted 230 million Jamaican dollars ($1.5 million) worth of the CBDC for issuance to deposit-taking institutions and authorized payment service providers on Aug. 9, 2021.
The central bank then issued 1 million JMD ($6,500) worth of digital currency to the staff at BoJ’s banking department. On Oct. 29, the bank also issued 5 million JMD ($32,000) worth of CBDC to the National
Read more on cointelegraph.comAbout this in other media
Lords Committee pours cold water on UK CBDC finextra.com /2 years ago
20m+ Chinese Now Reportedly Using Central Bank’s Digital Yuan App cryptonews.com /2 years ago
Malaysia’s Central Bank actively assessing CBDC options cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
