The Future of Central Bank Digital Currency (CBDC) in Canada: Balancing Cash Reliance and Digital Innovation
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,”…