Canada Is Getting In On The CBDC Game

Happy Tuesday, Blockfolians

The Lede

The Bank of Canada is embarking on a program of major social significance to design a contingent system for a CBDC, which can be thought of as a banknote, but in digital form.

That quote comes from a recent job listening from the Bank of Canada for a project manager to lead a new central bank digital currency initiative.

The job posting, picked up by CoinDesk, goes into surprising detail about the project showing off how they’re thinking about the features of a CBDC - from privacy to usability in the circumstance of having no electricity.

The takeaway is this: the central bank digital currency arms race is just heating up, and Canada seem focused on not being left behind.

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Community Commentary

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A Really Big Number We Should Be Paying Attention To 

15%

That’s the size of bitcoin’s latest difficulty adjustment - the largest since early 2018


Final Thought

The absurdity.