Canada’s central bank issues contingency plan for retail digital currency

Quick Take

  • The Bank of Canada doesn’t see the need to issue digital currency right now, but it wants to be prepared
  • The central bank has identified two scenarios that could warrant the launch of its own retail digital currency

The Bank of Canada has issued a contingency plan to prepare for scenarios that could warrant the launch of its own digital currency.

While the central bank does not see a “compelling” case to issue a Canadian digital dollar at this time, it