I’ve tabulated the key features of the two active central bank digital currency (#CBDC) projects in the Caribbean area. The Central Bank of the Bahamas (CBOB) went live with its Sand Dollar on October 21, 2020 after a ten month pilot, and the Eastern Caribbean Central Bank (ECCB) started a twelve month pilot of its DCash on March 31, 2021 on four of the eight island countries under its currency union. This is all based on publicly-available information – hence some of the question marks. If there are errors of omission or commission, please let me know in the comments! Also, see below for an updated version of the PDF version of the table that includes the Central Bank of Uruguay 2017-2018 e-Peso pilot.

	CBOB Sand Dollar	ECCB DCash
Launch Dates	Pilot on December 27, 2019 and full launch on October 21, 2020	Pilot started on March 31, 2021
Platform Vendor	NZIA – NZIA Cortex DLT	Bitt – Hyperledger Fabric
Expressions of interest	Over 30 vendors evaluated	?
Platform Type	DLT private permissioned	DLT private permissioned
Falsification and double-spending control	System utilizes enhanced short-lived one-time web tokens	?
Access	Smartphone & smart card	Smartphone only?
Transaction fees	Initially no, but maybe yes later	None during pilot
Interest bearing?	No	No
User tiers
Tier 1 requirements	Physical/email address, phone number and photo.	For “value-based“: Physical/email address, birth date/ place, phone number and photo.
Tier 1 transaction limit	B$1,500/month	EC$1,000/m or EC$2,700/m
Tier 1 holding limit	B$500	n/a
Tier 2 requirements	Tier 1 requirements plus govt.-issued photo identification	For “register-based“: Full name, address, phone number, and bank account
Tier 2 transaction limit	B$10,000/m	EC$3,000, EC$5,000, EC$20,000/d depending on risk profile
Tier 2 holding limit	B$8,000	n/a
High-value/business
Requirements	Business license & VAT ID number	Business name, physical/email address, phone number
Transaction limit	B$20,000/m or 1/8th of annual revenues whichever is greater.	EC$25,000/d to EC$300,000/d based on risk rating
Holding limit	B$8,000 or 1/20th of annual sales, up to an annual limit B$1 million.	n/a
Offline?	Users can make a pre-set dollar value of payments when communications access to the Sand Dollar Network is disrupted. Wallets would update against the network once communications were re-established.	The party initiating the transfer (sender) must have an internet connection. If the receiver is offline the payment will still be processed, and they will see the change in their balance as soon as they are back online.
Anonymity/Privacy?	Transaction transparency to enable central bank monitor suspicious transactions and stop accounts. Pseudonyms ensure user anonymity. Central bank maintains ledger and server is encrypted	Central bank can see anonymized transaction data and outstanding stock of DCash in each digital wallet. Registered financial institutions can fully observe the identity of payers and payees and the purpose of transactions