![sand dollar blockchain](https://www.americanoceans.org/wp-content/uploads/2021/01/sand-dollar-scaled-e1651587429959.jpg)
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What is the purpose of a \Sand Dollar is a central bank digital currency (CBDC), this means it is a centralised, regulated, stable, private and secure unit of account and means of. Issued by the Central Bank of The Bahamas in October , the Sand Dollar is a digital iteration of the Bahamian Dollar � and one of just two. The primary difference between a CBDC and a cryptocurrency is the fact that a CDBC is regulated by the central bank, whereas cryptocurrencies are decentralised.