Carolyn Rogers, Senior Deputy Governor, Banque du Canada<\/cite><\/blockquote>\n\n\n\nThe Canadian central bank acknowledged the growing adoption of private cryptocurrencies and central bank digital currencies and the possibility that they may become a popular mode of payment in Canada soon. In order to maintain the status quo and avoid compromising the Canadian dollar\u2019s role as the official and centrally issued currency, the Bank of Canada is considering offering a digital alternative to its citizens. <\/p>\n\n\n\n
According to the central bank, a CBDC would ensure that every citizen takes part in the economy. That being said, the Bank of Canada noted the role of banknotes as a safe, accessible, and trusted method of payment. To that end, the bank stated that it would continue offering bank notes to those who prefer them over CBDCs in the future. \u201cCash isn\u2019t going anywhere,\u201d the central bank added. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Bank of Canada is launching an online public consultation to discuss the features that could be incorporated in a CBDC. The central bank is considering offering a digital version of the Canadian dollar. <\/p>\n","protected":false},"author":62,"featured_media":582142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,947,2,27],"tags":[1087,1802,693,7249],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582140"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=582140"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582140\/revisions"}],"predecessor-version":[{"id":582143,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582140\/revisions\/582143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/582142"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=582140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=582140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=582140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}