• Home
  • Login
  • Register
The Central Bank Digital Currency Insider
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
SUBSCRIBE
No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
No Result
View All Result
The Central Bank Digital Currency Insider
No Result
View All Result

What Caused Canada to Yield CBDC Possibility

by CBDC Insider
December 4, 2020
in Business, North America
Reading Time: 1min read
0
What Caused Canada to Yield CBDC Possibility
Share on FacebookShare on Twitter

For a while, Canada was one of the many countries on edge about going crypto. Last month in a Reuters interview, Bank of Canada Governor Tiff Macklem had made a Central Bank Digital Currency (CBDC) a possible plan B as he did not believe it was an urgent need.

What kept Mr. Macklem on edge was the competition and the lack of it at the time. In his November interview Mr, Macklem said that not having a CBDC would only be a problem if a country they traded with had CBDC.

Canada had set up a contingency plan with its G7 partners.

RELATED STORIES

Ripple Supports the Digital Euro Association’s Major Event To Advance CBDC Work

Ripple Supports the Digital Euro Association’s Major Event To Advance CBDC Work

July 6, 2022
How Might Central Bank Digital Currency Affect Banks?

How Might Central Bank Digital Currency Affect Banks?

July 6, 2022

Canada had launched the research project back in 2017 and involved R3, Accenture, the Monetary Authority of Singapore, J.P. Morgan Chase, and the Bank of England.

The country was also recruiting candidates to undergo their project. Canada was on the verge of creating CBDCs and something tipped them all the way.

Read more: https://cryptonews.com.au/story/what-caused-canada-to-yield-cbdc-possibility-145442

Previous Post

BIS, Swiss National Bank And SIX Announce Successful Wholesale CBDC Experiment

Next Post

Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

Next Post
Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register