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Tag Archives: CBDC

Bank of Canada Halts Digital Dollar Project Amid Global Surge in CBDC Development

Canada has reportedly paused its Central Bank Digital Currency (CBDC) project, which started in 2017. According to a September 18 CBC news story, following years of research into the potential for a digital version of the Canadian dollar, the local central bank has decided to move away from the initiative. Bank of Canada Rethinks Digital Currency Plan The CBDC project was started in response to rapid digitalization and changing payment habits among Canadians. In 2022, the...

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Consumers Prefer Cash Over CBDC: Deutsche Bank Survey 

While several central banks across the globe are actively exploring the feasibility of launching a Central Bank Digital Currency (CBDC), a recent survey has revealed that cash will not be going away anytime soon as a majority of consumers are not enthusiastic about using those products. The survey, conducted by Deutsche Bank, Germany’s leading investment bank, polled 4,850 respondents from Europe, the United Kingdom, and the United States. A majority of the respondents stated...

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Digital Euro CBDC: A Step Towards Cashless Society or Surveillance State?

On June 25, the ECB published an update on its two-year preparation phase for the digital Euro CBDC that ends in October 2025. The central bank said that privacy and data protection are its top priorities, but there are a number of disturbing features to the currency that would result in the total opposite. On June 26, crypto entrepreneur and investor Daniel Batten highlighted a few of them. JUST IN: ECB announce first progress report on the digital Euro Features:– easier to...

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South Korea to Invest $14.5M in Blockchain Technology to Enhance Public and Private Sector Services

CoinspeakerSouth Korea to Invest $14.5M in Blockchain Technology to Enhance Public and Private Sector Services Six projects are being proposed for the public sector, including the development of a CBDC-based digital voucher management platform by the Bank of Korea. South Korea to Invest $14.5M in Blockchain Technology to Enhance Public and Private Sector Services

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