The Bank of Canada is winding down its work on a retail digital currency (CBDC). 📉
- Research continues, but the focus is shifting to other issues.
- The Bank of Canada believes that a CBDC is only needed as a "contingency plan".
- The development of the Real-time Rail instant payment system is more important now.
- The bank will begin registering 2,500 small payment providers from November.
What do you think about these changes?
