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Jamaica Poised to Roll Out Jam-Dex E-Currency Nationally

June 7, 2022, 5:08 PM

Jamaica lawmakers have given final approval for the national debut of Jam-Dex, the country’s central bank digital currency.

The country’s Senate passed the required legislation on June 3, following the House of Representatives’ approval last month.

The Caribbean nation began a phased rollout of Jam-Dex on May 11, but needed the measure to pass the legislature before circulating the e-currency more broadly. Governments around the world have been exploring the benefits of sovereign e-cash.

Read more: ‘No Cash, No Problem’: Jamaica Picks Tagline for New E-Currency

Jam-Dex will allow more people to participate in the financial system and boost ...