In the FT, Philip Stafford reports about a digital currency initiative by the Bank of Canada and commercial banks. It
will involve issuing, transferring and settling central bank assets on a distributed ledger via a token named CAD-Coin.
The Bank of Canada said the experiment was a proof-of-concept and confined to interbank payment systems. … “None of our experiments are to develop central-bank issued e-money for use by the general public.”