Bank of Canada By Cointelegraph

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Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada

The standard Canadian has little purpose to undertake a central bank-issued digital forex, which might trigger issues with its broad acceptance, in response to a brand new paper from the Financial institution of Canada.

Within the workers dialogue paper launched on Aug. 10, the central financial institution checked out a hypothetical situation the place money was just about eradicated with the intention to see what position a possible CBDC might play in serving to the underbanked.

Screenshot of the workers dialogue paper. Supply: Financial institution of Canada