Digital Canadian dollar fails to impress despite high awareness

A recent public assessment on Canadas main bank digital currency (CBDC) initiative revealed an overall unfavorable belief from Canadians, confirming the Bank of Canadas concerns around its country-wide adoption.Through the “Digital Canadian Dollar Public Consultation Report,” the Canadian main bank meant to determine a place for CBDCs in a world controlled by digital fiat payments and credit cards. Related: Canadian regulator looks for feedback on crypto possession direct exposure disclosure requirementsMost participants advised the Bank of Canada to stop investigating and constructing the ability to provide a digital Canadian dollar. The public believes their feedback will not be thought about for the CBDC initiative.The survey asked if Canadians would choose utilizing a digital Canadian dollar instead of existing payment approaches.

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