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Bank of Canada Halts Digital Dollar Project Amid Global Surge in CBDC Development

Bank of Canada Halts Digital Dollar Project Amid Global Surge in CBDC Development

Canada has reportedly paused its Central Bank Digital Currency (CBDC) project, which started in 2017. According to a September 18 CBC news story, following years of research into the potential for a digital version of the Canadian dollar, the local central bank has decided to move away from the initiative. Bank of Canada Rethinks Digital […]

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Canada Market Favors Crypto and Blockchain Investments Over Others in 2023

Canada Market Favors Crypto and Blockchain Investments Over Others in 2023

Last updated: February 7, 2024 07:59 EST | 1 min read Source: DALL·E 3Although investments in Canadian fintechs slowed down in 2023, crypto and blockchain-related investments dominated the scene. KPMG’s global Pulse of Fintech report published Tuesday found that VC-backed investments comprised over three-quarters of all deals, totaling 83 transactions valued at $711m. Among these,

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