🚨 News Flash: Bank of Canada Hits Pause on Retail CBDC Research 🚨
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.
- 📚 Extensive research done, but Canadians just aren't that into CBDCs.
- 🔄 Focus now on broader payment systems and policy development.
- 💸 Payments Canada continues to develop the Real-time Rail instant payment system.
- 🏦 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! 💬