The Bank of Canada has decided not to move forward with the development of its digital currency, known as the digital Loonie, after several years of exploration that began in 2017. This decision comes amid rapid digitalization and changes in the ways Canadians pay, and follows a public consultation process in 2022. The bank confirmed … Read more
Key facts: All countries in the BRICS bloc are considering launching digital currencies as a path to de-dollarization. The United States and other G7 countries also have CBDC projects for international payments. Growing interest from governments in developing central bank digital currencies (CBDCs) for wholesale use has emerged as a prominent trend throughout 2024. This … Read more
Key facts: The North Carolina Senate overrode a veto imposed by the state’s governor. The US is far from recommending or adopting a CBDC in any form, the Fed says. After state governor Roy Cooper vetoed a bill seeking to ban central bank digital currencies (CBDC) last July, the North Carolina General Assembly in the … Read more