Two days after Prime Minister Justin Trudeau confirmed that Canadian coins and the $20 banknote will be updated with the image of King Charles III, the Bank of Canada launched an online public consultation on the features that could be included in a digital Canadian dollar.
The consultation seeks input about which features are most important to Canadians. The Bank is also seeking opinions about topics related to a digital dollar, such as:
- how people would likely use it
- what security features are important
- what concerns you have about accessibility and privacy
Canadians can see how other governments’ CBDC projects are doing at :
Australia — The Reserve Bank of Australia (RBA) is expecting to complete its central bank digital currency (CBDC) pilot by mid-2023.
Bahamas — Two years after launching the Sand Dollar “its circulation remains ‘less than one per cent’ of currency issued.”
Nigeria — In Nigeria, citizens have taken to the streets to protest the nation’s cash shortage, further objecting to their government’s implementation of a central bank digital currency (CBDC)
Take the Bank of Canada survey at https://bit.ly/429uV0M before June 19th.
