Bank of Canada launches CBDC consultation
While a digital dollar “is not needed at this time,” the Bank of Canada wants to be ready as it fears digital currencies could threaten monetary sovereignty.
Latest Bank of Canada News
Bank of Canada experiments with offline CBDC payments
Bank of Canada claims that an offline central bank digital currency will allow users to transfer digital Canadian dollars without internet, but certain factors must be considered first.
Bank of Canada pushes for firmer stablecoin regulation
The global stablecoin market capitalization currently stands at an impressive 161 billion, and the researchers from the Bank of Canada pointed out the potential pitfalls.
Bank of Canada executive director: No ‘blanket supervisory approach’ on digital payment providers
Instead of a blanket supervisory approach, the Bank of Canada will impose regulations centered on end-user impacts and providing efficient payment services.
Bank of Canada identifies key archetypes for uniform development of retail CBDC
The Bank of Canada argues the need to consider a central bank digital currency design that combines aspects of multiple archetypes to ensure a common framework across different platforms.
Bank of Canada senior official calls for regulations to match digital assets growth
Carolyn Rogers said that the digital assets industry is still relatively small, but the central bank will not wait for it to get bigger before implementing regulations.
Bank of England partners with MIT for 12-month CBDC research project
The BoE joins the U.S. Federal Reserve and the Bank of Canada, which has been working with MIT, but it insists that it’s just research and the two won’t develop a central bank digital currency.
Bank of Canada: Coronavirus could accelerate central bank digital currency
The Bank of Canada said the global health crisis had hastened the urgency of the development of its state-backed digital currency.
Bank of Canada ready to move ‘sooner than expected’ on digital dollar
Central bank officials have indicated progress has been made on launching a digital currency, citing the pressures of the COVID-19 pandemic as a catalyst.
Bank of Canada says digital dollar ‘beyond trial phase’
The project had moved beyond proof-of-concept and was approaching being ready for a wider rollout, according to the central bank head.
Bank of Canada seeks new lead for CBDC initiative
The candidate’s duties will include monitoring developments on CBDCs, digital payments and financial technologies around the world, as well as researching the technology.
Bank of Canada report highlights risks with central bank digital currencies
The Canadian central bank said the “particular” risks of central bank digital currencies pose challenges for issuers planning to launch a CBDC.