Bank of Canada Partners With MIT on CBDC Research
The Bank of Canada and MIT have announced a partnership that will involve a year-long collaboration on a CBDC.
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The Bank of Canada and MIT have announced a partnership that will involve a year-long collaboration on a CBDC.
With President Biden calling for more research on developing a national digital currency — and more regulatory oversight of cryptocurrencies — the US is attempting to catch up with the efforts of other nations already piloting their central bank digital currencies.
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As technology continues to revolutionize the way people live, work and spend, central banks around the globe have kicked off efforts to reinvent their local currencies for the digital era. Now, the United States is the latest to signal 'urgency' in researching a potential digital version of its dollar via a Central Bank Digital Currency, or CBDC.
As technology continues to revolutionize the way people live, work and spend, central banks around the globe have kicked off efforts to reinvent their local currencies for the digital era.