Bank of Canada consults public on CBDC design
But central bank says CBDC not needed “at this time”
The Bank of Canada has invited the public to share their views on possible design features of a digital Canadian dollar.
A consultation launched on May 8 asks Canadians how they would use a hypothetical central bank digital currency (CBDC), what security features are important, and whether they have concerns over accessibility and privacy.
Despite its effort to solicit views, “at this time, a digital Canadian dollar is not needed”, the Bank of Canada said. Instead it aims to prepare design
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