Bank of Canada and Massachusetts Institute of Technology announce joint Central Bank Digital Currency collaboration

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Article Sourced From Bank Of Canada

The Bank of Canada and the Massachusetts Institute of Technology (MIT) today announced an agreement to collaborate on a twelve-month research project on Central Bank Digital Currency (CBDC). The Bank will work with the MIT Media Lab’s Digital Currency Initiative team to explore how advanced technologies could affect the potential design of a CBDC, building on the DCI’s ongoing research into CBDC. This exploration will help inform the Bank of Canada’s research effort into CBDC.

The project forms part of the Bank’s wider research and development agenda on digital currencies and fintech. It will focus on exploring and experimenting with potential technology approaches to determine how a CBDC could work. No decision has been made on whether to introduce a CBDC in Canada.

The Bank of Canada will provide an update on the findings and outcomes at the end of the project period.

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Tammy Cuthbert Garcia

Tammy Cuthbert Garcia is an organic lifestyle entrepreneur, podcast host, radio show personality, health writer and spokesperson for health freedom. She began hosting “Naturally Inspired Podcast” in 2019 where she interviews top minds in lifestyle solutions and health freedom. She makes guest host appearances on AM/FM radio and also has a daily show called “Naturally Inspired Daily”.