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Bank of Canada Seeks Public Opinion on Digital Canadian Dollar
The Bank of Canada (BoC) is currently asking Canadians to air their opinions on what the digital Canadian dollar should look like. According to the apex bank, the world is becoming “increasingly digital”, and as such, there’s an immediate need to explore the potential of a digital dollar. To this end, the central bank has started a public consultation that will run from May 8 until June 19.
In a statement, senior deputy governor at BoC Carolyn Rogers shared the importance of the consultation. She says the exercise is vital to how the bank will design the digital dollar, especially as it pertains to security and reliability. Rogers also added that the consultation will help the bank to determine what Canadians value most and how exactly to meet those needs.
No Immediate Plans to Develop Digital Canadian Dollar, Says Bank of Canada
It might be worth mentioning that despite the BoC’s efforts to keep abreast
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