Category Archives: Bahamas

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The Bahamas Launching Sand Dollar

  • The Bahamas is finally launching their Central Bank Digital Currency, and it is called the Sand Dollar

The Central Bank of the Bahamas has announced that their blockchain-based Central Bank Digital Currency (CBDC) is officially launching as of today, 27 December, and it will be called the Sand Dollar. This new CBDC will begin in a pilot phase in Exuma, with the pilot expected to last through the first half of 2020.

The Sand Dollar will be pegged 1:1 to the Bahamian Dollar (BSD), and the BSD itself is pegged 1:1 with the USD. Therefore, the Sand Dollar is a blockchain-based stablecoin that is interchangeable with the BSD and the USD.

The Bahamian government says they are launching the Sand Dollar to improve financial inclusion and access and to make domestic payments more efficient and non-discriminatory.

As the pilot phase of the Sand Dollar progresses, the Bahamian government plans on promoting a new regulatory framework for digital currency and to strengthen consumer protection. Once regulations are ready the Sand Dollar will become available across the Bahamas for banks, individuals, and corporations.

 

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Self-Exiled John McAfee “Goes Dark”

Self-Exiled John McAfee

Infamous crypto influencer and self-exiled US Presidential Candidate John McAfee has announced via his Twitter account that he has “gone dark”, fearing for his personal safety, triggering speculations of various conspiracy theories online.

His official account informed that McAfee would go offline and that his staff would take over his social media account.

Some have claimed that he has already been separated from his wife, and is either “in the custody of US Federal Agents or on the run in or near the Bahamas”.

BREAKING: John McAfee is currently either in the custody of US Federal Agents or on the run in or near the Bahamas.

He was last seen leaving a prominent crypto persons home via boat. He is separated from his wife at the moment. Sources are claiming that he is in federal custody. https://t.co/Wr7v28DeVu

— Mike Dudas (@mdudas) May 16, 2019

In response, McAfee himself has denied his capture, defiantly claiming that he was still “joyful and free as ever” with happy photos together with his wife.

Those who read “go dark” as “incarcerated” shouldn’t play lotto this week. Here’s @officialmcafee & @theemrsmcafee safe and sound in their new backyard as defiant, joyful and free as ever. Stay tuned… pic.twitter.com/e3T8wirhge

— John McAfee (@officialmcafee) May 17, 2019

No stranger to scandal, McAfee had declared himself to be on the run earlier this year, refusing to pay taxes and taking flight on his own personal boat out at sea in international waters, where he insisted he would continue his US Presidential campaign.

He has not been able to stay out of the limelight long, however. In the time since then, he has launched a crypto earning app, and his own branded Bitcoin Visa debit cards.

Last week, he claimed that the US government wanted to silence him, suggesting that he knew too much. McAfee claims to know the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

 

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