Bank Of Jamaica In Digital Currency Act

According to press reports, the Bank of Jamaica (BOJ) has so far issued $1 million of its central bank digital currency (CBDC).

The CBDC has been made available to BOJ staff through the bank’s internal wallet, as part of the CBDC pilot.

Deputy Governor of the Bank of Jamaica Natalie Haynes says by the end of this month, National Commercial Bank should share with the BOJ the quantity of CBDC it requires.

The BOJ minted $230 million in CBDC in August.

Readers Bureau, Contributor

Edited by Jesus Chan

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