Jamaica completes first central bank digital currency pilot. The national roll-out of the CBDC is scheduled for 1st quarter 2022.

Bank of Jamaica (BOJ) announced that it has successfully completed the Central Bank Digital Currency (CBDC) pilot. In March 2021, BOJ announced that it was testing a prototype central bank digital currency with vendor eCurrency Mint Inc. in BOJ’s Fintech Regulatory Sandbox. This was followed in May 2021 by the commencement of an 8-month long pilot which ends today, 31 December 2021. The scope of the CBDC pilot was limited to wallet […]