FullCrypto
Reading Time: 2 minutes The Bank of Canada has abandoned its development of a Central Bank Digital Currency (CBDC) following extensive research and consultations The decision comes after the bank determined that there was no immediate public need or strong demand for such a currency at this time Officials have clarified that any future introduction of a CBDC would require more public consultations and government backing before proceeding The Bank of Canada has confirmed it is no longer pursuing the development of a Central Bank Digital Currency (CBDC…
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Bank of Canada Scraps CBDC Development
Mark Hunter
00:40
Reading Time: 2 minutes The Bank of Canada has abandoned its development of a Central Bank Digital Currency (CBDC) following extensive research and consultations The decision comes after the bank determined that there was no immediate public need or strong demand for such a currency at this time Officials have clarified that any future introduction