Bank of Canada ( BoC), central bank digital currency ( CBDC) began public consultations on
While the preparation of countries for CBDCs continues at full speed, test results from many countries have started to come. In particular, China held various events to make the digital yuan a more adopted currency.
CBDCin the race Canada A new move came from . BoC, the country CBDC He announced that he had started public talks for the In these talks, digital Canadadollar is planned.
Canada Concentrates on CBDC Studies
Bank of Canada ( BoC), creating a digital Canadian dollar and central bank currency ( CBDC) began consultations to discuss his future.
Commenting on the subject BoC stated that the digital Canadian dollar will ensure that people in the country have a reliable and stable digital payment option. Moreover BoCa possible country CBDCthat you don’t need it and your final decision CanadaHe said it should be taken by the parliament.
The current Canadian government CBDC He is very warm and follows them closely. However, traditionalist parties in the country state that CBDCs should be banned. Conservatives’ stance comes from fears of damaging Canada’s traditional currency.
However BoC, Canada‘s traditional currency is not going anywhere, and CBDCHe said that even if it comes out, those who want can use cash.
Finally BoC, said:
As the world becomes increasingly digital, the BoC, like many other central banks, is exploring a digital version of Canada’s national currency.
CBDC consultations in Canada 19 JuneIt will continue until .
