Bank of Canada becomes the latest central bank to advance its CBDC agenda Canada centralbankdigitalcurrency BankofCanada
- Canada has become the latest country to advance the exploration of a central bank digital currency as the Bank of Canada has launched an online public consultation seeking feedback on what features a digital Canadian dollar should possess.
“As Canada’s central bank, we want to make sure everyone can always take part in our country’s economy,” said Senior Deputy Governor Carolyn Rogers. “That means being ready for whatever the future holds.”The BOC is looking to create a digital Canadian dollar that is designed to serve the needs of Canadians, so gaining feedback from the public is an important part of helping the bank understand which features they care about most.
The BOC stressed that it understands the importance of physical cash to Canadians, which they called “a safe, accessible and trusted method of payment that anyone can use, including people who don’t have a bank account, a credit score, or official identification documents.”
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