The rise of central bank digital currencies: Where is Canada?

By Matthew Burgoyne and Anna Li (August 24, 2023, 10:54 AM EDT) -- At the moment, Canada has no intention to implement a central bank digital currency (CBDC), but with the recent commentary from the International Monetary Fund (IMF), a Canadian CBDC could become a reality sooner than expected. In this article, we explain the concept of CBDCs, address the important issue of user privacy rights, offer insights into the IMF’s work on CBDCs and outline the status of Canada’s CBDC landscape....