Bank of Canada

Canadians still don’t like CBDCs
-
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
-
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
-
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
-
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...
Bank of Canada sees limited adoption of CBDC amid declining mainstream acceptance
-
16 August, 2023

Bank of Canada sees limited adoption of CBDC amid declining mainstream acceptance

As the use of digital payments continuously declines, the Bank of Canada sees insufficient reason to fully adopt CBDC but...
Bank of Canada launches CBDC consultation
-
10 May, 2023

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...