The implementation of the National Identification System (NIDS) and a digital currency for Jamaica offers many benefits to improving the current business and credit climates, Flow Jamaica’s Country Manager Stephen Price has suggested. The benefits of the NIDS would also help to close the tax net on avoiders, “making sure everyone pays their fair share” The bill is currently being reviewed by a joint select committee of Parliament. The Bank of Jamaica is targeting 2022 for national roll-out of the central bank digital currency (CBDC)
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