Every CBDC decision is a tradeoff, says Bank of Canada’s Shah
Privacy, security, and offline access present difficult problems
For central banks to develop workable central bank digital currencies (CBDCs) will mean resolving some important trade-offs, says a Bank of Canada expert. “Central banks don’t do this very often,” says Dinesh Shah, the Canadian central bank’s director of financial technology research. “Moving from paper and polymer to digital is not even once in a lifetime. It’s even less than that.”
On March 16, the Bank of Canada announced a joint venture with the Massachusetts Institute of Technology to
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