đš News Flash: Bank of Canada Hits Pause on Retail CBDC Research đš
The Bank of Canada is hitting the brakes on its retail Central Bank Digital Currency (CBDC) research. Instead, they're shifting gears to tackle other pressing payment issues.
- đ Extensive research done, but Canadians just aren't that into CBDCs.
- đ Focus now on broader payment systems and policy development.
- đž Payments Canada continues to develop the Real-time Rail instant payment system.
- đŠ New responsibilities: Registering 2,500 small payment service providers by November.
What do you think? Is this the right move? Drop your thoughts in the comments! đŹ