Across the entire archipelago, the Central Bank Of Bahamas is all set to become the first country in the world to launch its national cryptocurrency. The state-backed virtual currency is to be launched globally by October 2020 states, the official announcement done by the Central bank of Bahamas. “As the demand grows new digital dollars will be created, by issuing Central Bank Digital Currency, alongside the retirement of Bahamian dollars,” states Chaozhen Chen, the assistant manager of eSolutions at the Central Bank of Bahamas.