Many of the world’s central banks are years into developing central bank digital currencies (CBDCs). Per the Bank of International Settlements (BIS), 94% of the world’s central banks are actively ...

Canada has announced it is shifting its focus away from a retail central bank digital currency but implied that it was prepared if the people of the nation decide such a product is needed in the ...

The growing popularity and widespread adoption of cryptocurrencies and digital payment systems, along with CBDCs, has led to a global conversation about the future of money. Canada is also looking ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The Bank of Canada has spent several years working with the ...

The Bank of Canada is reportedly halting its plans to roll-out a central bank digital currency (CBDC) to the nation’s businesses and consumers. A digital economy supported by innovations like central ...

The Bank of Canada’s research revealed mixed views on a digital Canadian dollar and highlighted Canadians’ enduring trust in cash and card payments. Canadian consumers showed skepticism toward the ...