BOJ Still on Track for Digital Currency Rollout

over 3 years in Mckoys News

The Bank of Jamaica (BOJ) remains on track for the rollout of the Central Bank Digital Currency (CBDC) during the first quarter of 2022. Deputy Governor with responsibility for Banking, Currency Operations, and Financial Markets, Natalie Haynes, said that several key outputs are being targeted for the period. These are passage of the amendment to the Bank of Jamaica Act to make CBDC legal tender and the entity the sole issuer; increasing the number of deposit-taking institutions (DTIs) onboarding clients and ramping up the communication campaign to this end; and the BOJ completing its independent third-party quality assurance assessment of…

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