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Bank of Canada collaborating with MIT on CBDC research -Breaking

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© Reuters.

To collaborate with the Massachusetts Institute of Technology, the Bank of Canada is undertaking a 12-month research project that focuses on designing a Central Bank Digital Currency.

According to a March 16 announcement, the bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.”