Bank of Canada paper: CBDC could bring economic benefits

According to a researcher at the Bank of Canada, introducing central bank digital currency (CBDC) could bring economic benefits for Canada and the US.

In a staff working paper, researcher Mohammad Davoodalhosseini wrote that introducing central bank-issued cryptocurrency "can lead to an increase of up to 0.64% in consumption for Canada and up to 1.6% for the US, compared with their respective economies if only cash is used".

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