Canada to study CBDC, Crypto & stablecoins – Katoch Tubes
Canada to study digital assets
Canada to study digital assets
What's the news?
What's the news?
As communicated in the new mini budget, Canadian govt. is set to examine digital assets including CBDC, Stablecoins and cryptocurrency.
About CBDC
About CBDC
Central Bank Digital Currency is a blockchain based currency introduced by the central banks. It is traceable, secure but not decentralized like cryptos
Crypto & CBDC
Crypto & CBDC
CBDC is government owned currency & has no supply cap like fiat while cryptos are decentralized and most of them have limited supply.
Why this move?
Why this move?
The process is done to understand digital assets in order to maintain financial stability & security of the country.
Learning from the past
Learning from the past
Canada was under the state of emergency in Jan 22 when protestors raised funds in cryptos to overturn COVID19 vaccine mandate.
India & CBDC
India & CBDC
India has initiated CBDC pilot launch. Swipe Up for details