dropglobalnews

"Canada is shifting its focus away from a retail central bank digital currency after years of research, its central bank announced last week.

With this work completed, and with other payments issues gaining prominence, the Bank is scaling down its work on a retail central bank digital currency and shifting its focus to broader payments system research and policy development," a document vaguely titled "Digital Canadian Dollar" said.

CBC News, Canada's public broadcaster, reported that "The Bank of Canada confirmed" it has "shifted its focus away from the idea of introducing a digital Canadian dollar." The story also said the Bank "is shelving" the idea of a Canadian dollar."

CBDCs dying before they were born?

"Canada is shifting its focus away from a retail central bank digital currency after years of research, its central bank announced last week.

With this work completed, and with other payments issues gaining prominence, the Bank is scaling down its work on a retail central bank digital currency and shifting its focus to broader payments system research and policy development," a document vaguely titled "Digital Canadian Dollar" said.

CBC News, Canada's public broadcaster, reported that "The Bank of Canada confirmed" it has "shifted its focus away from the idea of introducing a digital Canadian dollar." The story also said the Bank "is shelving" the idea of a Canadian dollar."

CBDCs dying before they were born?
https://www.coindesk.com/policy/2024/09/23/canada-moves-away-from-retail-cbdc-shifts-focus-to-broader-payments/?utm_term=organic&utm_content=editorial&utm_medium=social&utm_campaign=coindesk_main&utm_source=twitter

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

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Wonderful news. I’d much rather buy digital currency like ETH and use it in a permissionless environment than have some surveillance-heavy, poison-pilled, generally ill-conceived CBDC. If they want to ensure relevance of CAD denomination on the blockchain, they can work with Coinbase or someone else to issue a regulated stablecoin.