Bank of Canada and Massachusetts Institute of Technology announce joint Central Bank Digital Currency collaboration – Bank of Canada
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The Financial institution of Canada and the Massachusetts Institute of Expertise (MIT) at the moment introduced an settlement to collaborate on a twelve-month analysis undertaking on Central Financial institution Digital Foreign money (CBDC). The Financial institution will work with the MIT Media Lab’s Digital Foreign money Initiative group to discover how superior applied sciences may have an effect on the potential design of a CBDC, constructing on the DCI’s ongoing analysis into CBDC. This exploration will assist inform the Financial institution of Canada’s analysis effort into CBDC.
The undertaking varieties a part of the Financial institution’s wider analysis and growth agenda on digital currencies and fintech. It should give attention to exploring and experimenting with potential expertise approaches to find out how a CBDC may work. No choice has been made on whether or not to introduce a CBDC in Canada.
The Financial institution of Canada will present an replace on the findings and outcomes on the finish of the undertaking interval.
Originally posted 2022-12-07 08:03:12.