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The Conversation
The Conversation
Anwar Sheluchin, PhD Student, Political Science, McMaster University

Canadians have serious trust issues when it comes to a central bank digital currency

Bank of Canada CBDC Pierre Poilievre Canada

The Bank of Canada recently published findings from its public consultation report on a central bank digital currency, known as CBDCs.

The findings reveal that financial privacy is top of mind for Canadians, yet those same Canadians do not trust the very institutions that would be responsible for handling data privacy and protection.

Put simply, CBDCs can be thought of as a digital banknote.

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