CBDC News

Canada Election Between Bitcoin Advocate and CBDC Backer

Mark Carney is Canada’s new prime minister, chosen by the Liberal Party after the resignation of Justin Trudeau. A general election has now been announced for 28 April, pitching Carney against the Conservative candidate, Pierre Poilievre.

Poilievre, a long-time Bitcoin advocate, has campaigned in the past around fiscal conservatism and opposition to central bank digital currencies.

Carney has been a sceptic of Bitcoin in the past, dismissing it as a poor store of value. He has backed the development of CBDCs, arguing they offer a more stable and government-controlled alternative to private digital assets.

Consumers Lukewarm on Digital Euro

The European Central Bank (ECB) has published a paper on the attitude of European consumers to the possible introduction of a digital euro. A series of experiments in a population-representative survey of European consumers showed a short video explaining the key features of the digital euro. This increased the likelihood of adoption by 12% relative to a control group that was not shown the video.