After years of research, the Bank of Canada is preparing to design its own central bank digital currency (CDBC).
Revealing its plans in a June 11 job posting, the central bank said it was “reinventing central banking” and radically rethinking the nature of Canada’s cash.
“The Bank of Canada is embarking on a program of major social significance to design a contingent system for a CBDC, which can be thought of as a banknote, but in digital form,” the bank wrote.
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https://www.coindesk.com/bank-of-canada-central-bank-digital-currency-project-manager