The Bank of Canada has suspended its digital Canadian dollar CBDC plan

2024-09-19 20:21:09

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ChainCatcher message, the Bank of Canada has suspended its plans for a central bank digital currency (CBDC), and the central bank did not specify the reasons for the suspension. The Bank of Canada first launched a research project in 2019 to explore the creation of a digital Canadian dollar and conducted public consultations in 2022.

The central bank stated that it will continue to conduct policy research and analysis on payment developments both domestically and internationally.

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