Bank of Canada finds widespread public hostility to CBDC

Respondents expressed distrust of government and lack of interest in digital dollar

Bank of Canada's head office in Ottawa
Bank of Canada/Flickr

A Bank of Canada (BoC) report based on three years of public consultations with Canadians concerning digital currency, has found widespread opposition to the idea among the general public.

The BoC proposed a model where it creates both the central bank digital currency (CBDC) and the associated payment network, which could potentially work offline. Consumer and merchant activities would be handled by financial institutions and payment service providers, much as they currently distribute cash.


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