Canadian Financial Institutions Analyze Feasibility of Central Bank-Issued Digital Currencies

The Bank of Canada's Office of the Superintendent of Financial Institutions has released a report which examined the benefits and disadvantages of the central bank issuing its own digital currencies. Such currency would be called “central bank digital currency” (CBDC).
The research report was prepared by two senior researchers - Walter Engert, Senior Director, Research - ‎Office of the Superintendent of Financial Institutions Canada, and Ben S. C. Fung, Director of Economic Research and Analysis in the Currency Department of the Bank of Canada.