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Bank of Canada Calls for “Globally Coordinated” Effort to Launch CBDCs

Bank of Canada Calls for “Globally Coordinated” Effort to Launch CBDCs – Decrypt

The Bank of Canada is looking to develop a CBDC. Image: Shutterstock In brief Bank of Canada governor Tiff Macklem has stated that the bank is working with G7 partners on its potential CBDC. He called for a “globally coordinated” effort to lead CBDC development and prevent scams. Countries around the world have spearheaded cashless payments and CBDC efforts amidst the coronavirus outbreak.