Canada to study CBDC, Crypto & stablecoins – Katoch Tubes

Canada to study digital assets

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

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

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?

The process is done to understand digital assets in order to maintain financial stability & security of the country.

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 has initiated CBDC pilot launch. Swipe Up for details

Learn more

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