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May 11, 2025
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The Future of Central Bank Digital Currency (CBDC) in Canada: Balancing Cash Reliance and Digital Innovation

Chris Wick2 years ago07 mins

In a recent revelation, the Bank of Canada (BOC) has underscored the pivotal role of cash in daily transactions, signaling that the introduction of a Central Bank Digital Currency (CBDC) hinges on consumer demand and practicality. The BOC’s stance, as articulated in its Staff Discussion Paper titled “Unmet Payment Needs and Central Bank Digital Currency,”…

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