ChainCatcher news, according to The Block, the Central Bank of the Bahamas is developing regulations requiring commercial banks to provide access to its central bank digital currency.John Rolle, the Governor of the Central Bank of the Bahamas, stated that the adoption of the Sand Dollar (the CBDC launched by the Bahamas in 2020) is still limited, so the government is formulating regulations to effectively compel commercial banks to issue the central bank digital currency to promote its adoption.

ChainCatcher news, according to Reuters, the Bahamas is preparing to introduce legislation requiring commercial banks to support its central bank digital currency "Sand Dollar" to promote its adoption. The Governor of the Central Bank of the Bahamas, John Rolle, stated that CBDC regulations should be implemented within the next two years, and it is expected that all commercial banks will eventually enter this field and will be required to provide their customers with access to the central bank digital currency.The Central Bank of the Bahamas launched the CBDC "Sand Dollar" in 2020, and its CBDC currently accounts for less than 1% of the currency in circulation in the Bahamas.

ChainCatcher news, according to a leaked document, the European Commission aims to make it easier for commercial banks to hold stablecoins and tokenized assets. The leaked document attempts to soften the European Parliament's hardline stance.Previously, EU lawmakers indicated that they wanted to see "prohibitive" restrictions to prevent cryptocurrency risks from spreading to the commercial banking system, with plans to assign a 1250% risk weight to cryptocurrencies to impose the maximum possible capital requirements on lenders wishing to hold digital assets.However, under the latest proposal, the risk weight for stablecoins pegged to any value, such as gold and other non-physical assets, will be reduced to 250%. Tokenized assets and stablecoins based on fiat currencies like the US dollar will be treated as baseline instruments unless there are additional credit or market risks. This aligns with the upcoming regulation on the crypto asset market (MiCA) in the EU, which will take effect in July 2024 and will regulate stablecoin issuers, requiring them to hold adequate reserves. (CoinDesk)