Bank of Canada Halts CBDC Plans
This is a Canada news story, published by Global News, that relates primarily to Bitcoin news.
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•The Bank of Canada is ‘scaling down’ plans for a possible digital loonie - National | Globalnews.ca
73% Informative
The Bank of Canada has been studying what a digital version of the loonie may look like as cryptocurrencies like Bitcoin garnered more mainstream attention.
Governor Tiff Macklem said the central bank has built up “an extensive body of knowledge” about what it would take to implement a central bank digital currency in Canada .
But, for now, the bank is shifting away from preparations for such a plan.
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