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The Bank of Canada is exploring the technological path for retail CBDC.
Odaily News Canada’s central bank has taken an important step in exploring the technical feasibility of the digital Canadian dollar, proposing a system specifically designed for retail central bank digital currency (CBDC) that focuses on simple everyday payments. It is reported that the Bank of Canada team examined the OpenCBDC 2PC model, which was developed in partnership with the Massachusetts Institute of Technology’s digital currency initiative, prioritizing privacy, speed, and Decentralization, allowing users to hold digital funds directly, just like Digital Cash. (CoinDesk)