Jamaica has become the first nation in the world to issue a CBDC as legal tender

The Bank of Jamaica (BoJ) has legalized its CBDC as an alternative to the country’s cash economy. According to sources, the Jamaican senate has given the central bank permission to issue the Jamaica Digital Exchange, or Jam-Dex, which is a CBDC. According to Bank of Jamaica Governor Richard Byles, the Jam-Dex will be available for […]