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Tuesday

24 November 2020

Canada Calls for Coordinated Global Collaboration on CBDC Development | BTCMANAGER

Canada Calls for Coordinated Global Collaboration on CBDC Development | BTCMANAGER


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Canada says international collaboration is necessary to get the best out of central bank digital currency (CBDC) development.

To this end, Macklem says the Bank of Canada is working with fellow G7 nations to work out modalities for sovereign digital currencies.

As previously reported by BTCManager, the Bank of Canada is looking to employ CBDC researchers as part of its digital currency development plans.

While arguing against the necessity for a retail CBDC, Australia’s central bank says it is researching a wholesale digital currency system

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