Canada CBDC ‘Probably Necessary’ for Competition, Central Bank Says in Paper
The authors argue a central bank digital currency will likely be positive for Canadians, breaking monopolies in big tech and traditional finance.
China's central bank holds that crypto trading brings financial risk to the economy, and said it will continue a crackdown on the industry.
The city's government plans to unite data that's spread out among its departments.
What would it mean for the dollar to lose its global reserve status? Why might it happen? And what could take its place?
The institute will be used to develop applications of the technology in an effort to boost security for China's central bank digital currency.
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