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RE: JAM DEX - Jamaica's CBDC - The Effects It May Have On Jamaican Society

in ReggaeJAHM3 years ago

i think people who use these digital platforms and currency should also find a way to go about their usage of these platforms. Also, since it is centralized it would be easy to trace, I believe. My only issue is the centralization which is not good for the crypto space.

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 3 years ago 

I agree, and they want to but for some reason Jamaica gets left out of a lot of central exchanges because of money laundering worries and the central bank not issuing licenses because of the same threat from higher powers about money laundering as Jamaica is a key distribution spot for narcotics to the USA & UK. But it's just a matter of time. Some stores even started accepting crypto.... finally.