ICYMI: Canada’s central bank and MIT to collaborate on CBDC research
The Bank of Canada, the country's central bank, and the Massachusetts Institute of Technology have agreed to collaborate on Central Bank Digital Currency research.
CBDCs are digital forms of a country's fiat currency that are regulated by a nation's centralized monetary authority.will see the Bank of Canada work with MIT's Digital Currency Initiative to build on its ongoing research into CBDCs on a twelve-month basis. After this period, The Bank of Canada says it will provide an update on the findings and outcomes of the research project.
Whilst the centralized bank says that it will largely focus on how this form of digital currency could work in a Canadian context, it stressed that no formal decision has been made to introduce a CBDC in the country.four hours early in which it was stressed that the US Federal Reserve should continue its research into a CBDC. MIT has already worked with the Fed's Boston branch on CBDC research.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
If you moved to Canada or left Canada, you may be missing out on retirement benefitsYou could have money coming even if you left the country, or lived here briefly
Read more »
Where to get free glasses for your kids in CanadaDishing out hundreds of dollars for your kids' eyeglasses every couple years can be frustrating, but these free programs offer a helping hand. clearlyca EssilorCanada eyeseeeyelearn
Read more »
Ukrainian children with cancer being flown to Canada for treatmentUkrainian children with cancer being flown to Canada for treatment - via healthing_ca healthing RussiaUkraineWar
Read more »
Zelenskyy appeals for help from Canada in emotional speechUkrainian President Volodymyr Zelenskyy asked Canadians Tuesday to imagine bombs landing in their communities as he urged the Canadian Parliament and government to exert greater economic and military pressure on Russia.
Read more »
Zelenskyy appeals for help from Canada in emotional speech“... Can you imagine you and your children hearing all these severe explosions, the bombing of the airport, the bombing of the Ottawa airport? Cruise missiles are falling down and your children are asking you, ‘What happened?’”
Read more »
Les ventes de VÉ en hausse au Canada, l'Europe loin devant | Actualités automobile | Auto123Si les Canadiens ont acheté plus de VÉ que jamais en 2021, depuis 2019, nous sommes loin derrière le rythme de nombreux pays européens. Auto123 a les infos
Read more »