Bank of Canada Conducts Research on Digital Money: Here’s What It Could Mean for You
In recent years, the Bank of Canada has been running on the logistics of an imaginable central bank virtual currency: a purely virtual form of the Canadian dollar. While the decision whether or not to launch a CBDC rests with the federal government, the central bank has said it needs to prepare for this eventuality, especially as Canadians increasingly use virtual payment strategies in their daily lives.
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