cover image: Conference Report — April 26, 2022 - Deciding on a Digital Dollar

20.500.12592/jqxmnj

Conference Report — April 26, 2022 - Deciding on a Digital Dollar

14 Jun 2022

of policy attention was observed on addressing financial inclusion, improving the efficiency of Although the conversation was multi- faceted payments systems, increasing the resiliency of and wide-ranging, a number of high-level payments systems and the financial sector, and messages came through in the discussion extending the availability of central bank money. [...] Deciding on a Digital Dollar: The Necessary Steps for Canada 1 Box 1: High-Level Messages Emerging from the Workshop The international landscape is moving → The process for the federal government to quickly to assess the potential of CBDCs, determine the purpose and design of a CBDC with design elements reflecting the must be multi-stakeholder and incorporate policy goals of different jurisdiction. [...] Before coming that while individuals and businesses should be to grips with questions of what technologies relied on to provide the micro view of a CBDC and would best support the implementation of a its use cases, the BoC and the federal government CBDC, the BoC and the federal government must ensure Canada’s macro financial sector policy should prepare to answer the question of what goals are al. [...] When purpose, design and governance of a CBDC, and reforming the underlying legislation to support to decide whether and how a CBDC can support the implementation of a CBDC, policy makers the broader policy goals of the Canadian financial could use the opportunity to test the assumptions system. [...] Work Lies Ahead Given the scope and potential of the task at hand, the workshop ended on the need for policy In the last five years, the world has seen a leadership, should the government embark dramatic increase in the number of countries on developing a CBDC.
Pages
18
Published in
Canada
Title in English
Conference Report — April 26, 2022 - Deciding on a Digital Dollar [from PDF fonts]