On July 4, 2025, the Bank of Canada made a bold move toward digital currency adoption by releasing a new research paper that discusses the feasibility of a retail central bank digital currency (CBDC). This proposal centers on a digital Canadian dollar designed for everyday transactions. The model, known as OpenCBDC 2PC, has been developed in collaboration with the Massachusetts Institute of Technology’s (MIT) Digital Currency Initiative and prioritizes privacy, speed, and decentralization. The research paper comes after the Bank of Canada took a step back last year from launching a retail CBDC, noting that it was prepared if Canadian...
August 15, 2026August 15, 2026
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