Learn more about our ongoing work on digital currencies. This includes research on a Canadian central bank digital currency (CBDC) and on financial technology (fintech).
Understanding the benefits and risks of digital currencies and electronic payments is important. That’s because they could affect our core functions as a central bank.
For the past few years, we have researched both private and central bank digital currencies, including uses of distributed ledger technology.
How Canadians use money and make payments is constantly evolving.
To adapt to these changes, we’re working on a number of projects and consulting stakeholders. This includes building capacity to issue a digital Canadian dollar (or central bank digital currency, CBDC) should the need arise.
Collaboration on the regulatory agenda
Managing the benefits and risks of fintech and digital currencies through a global regulatory framework is essential.
The Bank of Canada contributes to this agenda through its work with the Financial Stability Board, the International Monetary Fund, the Committee on Payments and Market Infrastructures and the Basel Committee on Banking Supervision.