Central Bank Digital Currency

$17.7 million was put towards this initiative, and despite there being a large portion of Canadians objecting to this move, the Liberals have alluded to their CBDC plans in the 2023 budget, but far quieter this time.

Do you like it? 150

Read more

One story that escaped most headlines last month was that the Federal Reserve, New York Branch started a 12-week CBDC (Central Bank Digital Currency) pilot project on Nov. 15th, 2022. This story is both significant and not that significant for a variety of reasons that need to be delved into. 

Do you like it? 150

Read more

What is most glaring about the report is just how open the Central Bank is about valuing a CBDC for the ability to centralize power over the currency, and economy, around the government. Although the report still uses soft-sounding language to make the idea of effectively making the government the gatekeeper of every Canadian money not sound like a massive overstepping of power. 

Do you like it? 150

Read more