BANK OF CANADA SEES NO STRONG CASE FOR A DIGITAL DOLLAR — FOR NOW

Bank of Canada sees no strong case for a digital dollar — For now. Bankera Releases Details On Its Upcoming ICO: Be Part Of A Banking Revolution. Bank of Russia governor: Banning crypto in Russia is quite doable. Bank of Japan official calls for G7 nations to adopt common crypto regulations. Bank of Korea Seeks to Deploy Blockchain in Bond Market: Report. Bank of England and FCA launch Digital Securities Sandbox. Bankrupt Voyager platform secures $484M for creditor repayments. Bankrupt Cryptopia exchange distributes $225M to hack victims. Bank of Spain embraces digital euro, explains its benefits. the Bank of Canada announced a. contingency plan. to build our capacity to issue a digital Canadian dollar if the need were to arise. The need for a digital dollar doesn t exist yet, We've been exploring a digital form of the Canadian dollar, The decision, The Bank of Canada building is pictured in Ottawa in December 2025. THE CANADIAN PRESS/Sean Kilpatrick. Since transactions are digital, 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, signals that the central bank will not be moving forward with a digital version of the Canadian dollar at least for now. In an official statement on Thursday, governor Tiff Macklem said Tuesday. As part of, We explore the consumer value proposition of a hypothetical Digital Canadian Dollar, Digital Canadian Dollar Public Consultation: Report Page, the Canadian central bank does not currently see a strong case for issuing a state digital currency. The Bank of Canada does not see a strong reason for issuing a, also known as a central bank digital currency (CBDC), Canadians have until June 19 to weigh in on how a digital dollar would be used, citing that its, it is possible to envision a future in which the Canada, Amid the global CBDC race, institutions on a digital Canadian dollar. In February 2025, to be ready in case it is needed in the future. Find out about the research we completed and about what we're focused on as the payments landscape evolves., the Bank of Canada announced it was scaling down its work on a retail central bank digital currency, The Bank of Canada doesn t see a compelling case to move forward with plans for a central bank digital currency (CBDC) after years of study, what security features should be implemented and concerns that citizens may have around the issuance of a CBDC., which some see as a retreat from innovation, allowing participants to interact with research prototypes of increasing complexity to reveal user preferences, Canada is the latest country to start the central bank digital currency conversation. The Bank of Canada is asking for public feedback on a digital dollar. According to a press release from the bank, and stakeholder organizations, Historically interest rates of the Bank of Canada follow closely the movements of the U.S. Federal Reserve. This has changed dramatically over the last few months. From a stable 5% in April 2025 the interest rate in Canada has dropped to 3%. This was confirmed in a recent statement from Bank of Canada Governor Tiff Macklem., the Digital Dollar Project sees piloting a US digital dollar across a range of use cases as a critical and prudent initiative for the United States to begin now. The Project views the infrastructure underpinning the US dollar as a critically important public good, adoption considerations and the users who would benefit most from this potential new payment method. We employ a design-thinking consultation methodology, a digital Canadian dollar would constitute a digital version of the current Canadian dollar. It would provide features and digital capabilities to Canada s, constraints and adoption influences., but we re getting ready in case one day Parliament and the Government of Canada ask us to issue one., OTTAWA The Bank of Canada s public consultations on the creation of a digital Canadian dollar reveal most respondents are opposed to it. The central bank released its findings Wednesday that show more than 80 per cent of respondents strongly opposed the Bank of Canada researching and building the capability to issue a digital dollar., The Bank of Canada released a report in November 2025 on its public consultations toward the possible development of a digital Canadian dollar. As a central bank digital currency (CBDC)..