4 top universities submit CBDC designs to the Bank of Canada
Cointelegraph
Published Feb 11, 2021 04:39PM ET
Updated Feb 11, 2021 06:20PM ET
Major Canadian universities have submitted new research to the Bank of Canada centered around the development of a central bank digital currency, or CBDC, underscoring the innovation underway in this space.
The research began last year after the BoC engaged four institutions around potential designs for a national cryptocurrency. A total of three proposals were published simultaneously on Thursday. Notably, each proposal was based on the application of blockchain technology.
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Written By: Cointelegraph
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