**Canada Shifts Focus Away from Retail CBDC, But Keeps the Door Open**
Canada's central bank has announced a shift in focus away from developing a retail central bank digital currency (CBDC), after years of research. Instead, the Bank of Canada will concentrate on broader payments system research and policy development.
- Despite shelving the idea for now, the Bank remains prepared to revisit a digital Canadian dollar if public demand arises.
- The Bank will continue to monitor global CBDC developments and publish related research.
- Privacy concerns were a significant factor, with nearly 90,000 responses to a public consultation.
What are your thoughts on this shift? Should Canada pursue a digital dollar? đŹ Share your views in the comments!