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JAM-DEX roll out progresses with the gazetting of amendments to the BOJ Act 2020

The Bank of Jamaica says the phased rollout of JAM-DEX has progressed with the gazetting of amendments to the Bank of Jamaica Act 2020 on June 14.
 
These amendments designate the Bank as the sole authority to issue Central Bank Digital Currency (CBDC), JAM-DEX, which is now legal tender. 
 
With these amendments the Bank can now advance the national issuance of CBDC.


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