Consensus on CBDC design among central banks not a priority, Bank of Canada says (via _tommatsuda)
The Bank of Canada recently confirmed a 12-month research project exploring the use cases of CBDCs with theBut the Canadian central bank’s director of fintech research, Dinesh Shah, says that consensus with other central banks would not be a priority if a CBDC were to be issued.
supranational working groups. In 2020, it was announced that officials from the Bank of International Settlements and the Bank of England, including the BOC, as they pool together research on CBDC use cases. Ultimately, Shah says that decisions regarding a CBDC are specific to individual countries due to their differing payment systems. He explains that the six-strong group formed in early 2020 primarily exists to pool research.In Canada, research on this topic began around 2010, with Shah joining as the BOC’s first technologist in 2014.
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