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Bank of Canada explores technical path for retail CBDC
By: odaily.com|2025/07/05 00:16:31
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Odaily News The Bank of Canada has taken an important step in exploring the technical feasibility of a digital Canadian dollar, proposing a system designed specifically for retail central bank digital currencies (CBDCs) that focus on simple, everyday payments. It is reported that the Bank of Canada team examined the OpenCBDC 2PC model, which was developed in collaboration with the MIT Digital Currency Initiative. Its design prioritizes privacy, speed, and decentralization, allowing users to hold digital funds directly, just like digital cash. (CoinDesk)
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