Bank of Canada Abandons Plans to Develop Digital Dollar

Bank of Canada Abandons Plans to Develop Digital Dollar
Canadian one dollar coins in a file photo. Reuters/Mark Blinch/File Photo
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The Bank of Canada (BoC) will not be introducing a digital currency any time soon.

After researching and holding public consultations on the idea of a central bank digital currency, the BoC said it will be shifting its focus away from the concept.