**Bank of Canada Hits Pause on Retail CBDC Research**
- The Bank of Canada is putting its retail CBDC (Central Bank Digital Currency) research on the back burner. đ„¶
- The bank is now focusing on broader payment systems and policy development.
- Payments Canada continues to work on the Real-time Rail instant payment system.
- The Bank of Canada will soon oversee 2,500 small payment service providers under the Retail Payment Activities Act of 2021.
- Despite the shift, the bank's CBDC research remains a valuable "contingency plan" for the future.
Stay tuned for more updates as the digital currency world evolves!