According to CoinDesk, Canada announced that it would suspend its retail central bank digital currency (CBDC) plan, but said it would be ready if there is demand in the future.
According to CBC News, the Bank of Canada confirmed that it has shifted to broader payment system research and policy development, temporarily shelving the idea of ââa digital Canadian dollar.
Nonetheless, the Bank of Canada will continue to monitor global retail CBDC developments and publish relevant research, and there will still be opportunities for Canadians to provide input on the digital Canadian dollar in the future.
The Bank of Canadaâs latest stance comes against the backdrop of Federal Reserve Chairman Jerome Powell stating that the United States has not yet recommended or adopted a CBDC.
