The Bank of Canada published the results of its central bank digital currency (CBDC) consultation. A public survey open to all Canadians signaled opposition to a Canadian digital dollar, with concerns about privacy and how it would impact citizen rights.
That’s hardly surprising. Prime Minister Trudeau’s Emergency declaration during the COVID trucker blockade led to the freezing of more than 200 bank accounts. This incident has fueled government control arguments against CBDC far beyond Canada’s borders.
A discussion paper previously published by the central bank shows it is internally skeptical about the potential uptake of a retail CBDC.
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