Monday, July 4

Bank of Jamaica Completes Its First CBDC Pilot By CoinTelegraph

© Reuters. The Bank of Jamaica completes its first CBDC pilot

The Bank of Jamaica (BoJ) has successfully completed its central bank digital currency (CBDC), aiming for a national rollout in the first quarter of 2022.

Following initial testing of the CBDC prototype in March 2021, Jamaica’s central bank finalized an eight-month pilot project last Friday, the Jamaica Information Service reported.

  • President Bukele Predicts a Price Rebound to $ 100,000, Greater Legal Adoption, and More

As part of the pilot, the BoJ minted 230 million Jamaican dollars (JMD) ($ 1.5 million) from the CBDC for issuance to authorized deposit-taking institutions and payment service providers on August 9, 2021.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.