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Bank of Canada

3 April, 2024

CBDC anonymity will impact bank lending: Bank of Canada

If the CBDC’s anonymity is sufficiently high, it will lure low-quality entrepreneurs as commercial banks cannot access their inflows, and...

Bank of Canada: CBDC with nationwide service locations will slice 12% of bank deposits

Business

Steve Kaaru

15 February, 2024

Bank of Canada: CBDC with nationwide service locations will slice 12% of bank deposits

The central bank dismissed fears that a CBDC would disintermediate banks as the extra services they offer, like mortgages and...

Business

Gavin Lucas

11 December, 2023

Canadians still don’t like CBDCs

More Canadians still prefer cash over a central bank digital currency, citing the latter's risks when it comes to privacy,...

Canada’s central bank explores DeFi, highlighting technical and regulatory hurdles

Business

Wahid Pessarlay

24 October, 2023

Canada’s central bank explores DeFi, highlighting technical and regulatory hurdles

Bank of Canada highlighted several flaws associated with DeFi use, including limited tokenization, unregulated centralized entities, and increased interconnectedness in...

Bank of Canada identifies global barriers in developing inclusive CBDC

Business

Wahid Pessarlay

9 October, 2023

Bank of Canada identifies global barriers in developing inclusive CBDC

Financial inclusivity isn't the only key to developing a universally accessible payment method, the Bank of Canada said, insisting that...

Canada to create central repository for seized NFTs, digital currencies

Business

Wahid Pessarlay

19 August, 2023

Canada to create central repository for seized NFTs, digital currencies

Canada's RCMP plans to launch a central repository to store seized digital assets with features like processing transactions from various...

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Steve Kaaru

5 Nov 2024

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