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@Matt_HorwoodET - Matthew Horwood

The Bank of Canada has released the results of their questionnaire on a proposed Digital Dollar, which found that 86 percent of respondents expressed "strong criticisms against it." Respondents had concerns about privacy, governments having too much control, access to money being restricted, democracy being harmed, and a loss of individual choice. One participant's comments read: "A digital dollar sounded great until we saw the federal government freeze private bank accounts of its own citizens for supporting a political movement it disagreed with." The Bank of Canada claims the decision to go ahead with a digital dollar "belongs to Canadians, through their representatives in Parliament." https://www.bankofcanada.ca/2023/11/what-we-heard-bank-of-canada-publishes-report-on-digital-dollar-consultations-outlines-further-engagement-plans/

What we heard: Bank of Canada publishes report on digital dollar consultations, outlines further engagement plans The Bank of Canada today published a report summarizing the feedback it has received to date about a potential digital Canadian dollar. bankofcanada.ca