The central bank has published three papers related to central-bank digital currencies in the last week, as work proceeds on building the capability for eventually issuing one. (The Logic)
Skip to content
The central bank has published three papers related to central-bank digital currencies in the last week, as work proceeds on building the capability for eventually issuing one. (The Logic)
Talking point: The Bank of Canada has said it doesn’t see a need for a CBDC yet, but that hasn’t stopped it from exploring what might happen if it were to issue one. The research papers coming out of the bank address questions such as: should a CBDC be more like cash or bank deposits? What is the effect of a CBDC on a nation’s monetary sovereignty? And how much demand would there be for a CBDC? The bank would consider rolling one out if the use of cash declined or if private currencies gained more popularity, deputy governor Timothy Lane said in October. Meanwhile, some policy experts have recommended the bank proceed with issuing one to ensure the Canadian dollar continues to be used as private cryptocurrencies circulate widely.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: If an AI jobs apocalypse is coming, we’re not seeing it in the data
Briefing
Anthropic says world needs option to slow AI development, as models learn to self-improve
Ottawa taps the brakes on efforts to speed up project permitting
Kevin O’Leary scales back Wonder Valley Utah plans after objections from a key state legislator
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
