<ul><li>Canada is abandoning its plan to launch a central bank digital currency (CBDC) after five years of research.</li><li>Instead, Canada will focus on broader retail payment and policy development.</li><li>The shift in plans is due to other payments issues gaining prominence, and a CBDC could result in a 12% decline in bank deposits.</li><li>Many Canadians are against the idea of a digital Canadian dollar, and major economies have also moved away from their CBDC plans.</li></ul>

Canada Reassesses CBDC Plans, Focuses on Payment Systems

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