Bank of Canada prioritizes payment system improvements over creating CBDC

From Cointelegraph

September 20, 2024 5:55:22 pm:

The Bank of Canada prioritizes regulating and improving payment systems over creating a central bank digital currency (CBDC). This decision reflects the need to enhance efficiency and security in existing payment infrastructures. The focus is on modernizing payment systems to meet the evolving needs of consumers and businesses.

Read more at Cointelegraph: Bank of Canada just says no to retail CBDC in reshuffling of priorities