A joint project between the Central Bank of Canada and the Massachusetts Institute of Technology will be researching the possibility of an entirely digital Canadian dollar, it was announced yesterday.
The digital dollar would be a state-issued cryptocurrency, or “central bank digital currency” (CBDC). (For more detail on CBDCs and how they work, you can read our previous article here.)
It’s not just Canada – countries from all around the world appear to be accelerating the resear...
