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News & Articles By Zoey Sky
10/07/2024
/
By Zoey Sky
Bank of Canada cancels plans to develop a digital currency
The Bank of Canada (BOC) has announced that it is scrapping its plans to implement a “digital dollar” or central bank digital currency (CBDC). Officials from Canada’s central bank said a digital currency, also called the electronic Loonie, will no longer be considered after years of planning. Earlier reports revealed that most Canadians were not […]
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