Canadians do *not* want a CBDC. Today the Bank of Canada dropped a report from its #CBDC consultations. Some highlights:

9 out of 10 Canadians don't trust the Bank of Canada to issue a secure #CBDC. In fact, there's not a lot of trust in government, tech companies or government in this regard.

Privacy is the most sought after design feature in a CBDC. Canadians value the ability to give, refuse or withdraw consent to the use of their personal info & ability to hold an anonymous amount of money over being able to recover funds.

The survey show that Canadians just aren't interested in using a CBDC & most would never use it.

Furthermore, Canadians want The government to enact regulations that require merchants to accept cash so it remains an option.

I suspect that Canada's response to the truckers protest was an eye opener: the government shut down access to banking of Canadians that donated to the truckers (which at the time was *legal*) - this happened in a G7 country, & not an authoritarian state.

1 in 7 Canadians uses or owns Bitcoin or crypto. The Bank of Canada has conducted studies on Bitcoin every 2 years, but the data set for this report is much larger (90k Canadians) than previous reports (~2k). Thus, this report provides a good picture of what Canadians want - or don't want.

Also, I don't believe this report was skewed by bitcoiners because previous studies by the Bank of Canada and Ontario Securities Commision had similar numbers & this is a larger sample.

Hope this consultation was informative to Bank of Canada & policy makers.

The full study can be accessed here: https://www.bankofcanada.ca/2023/11/what-we-heard-bank-of-canada-publishes-report-on-digital-dollar-consultations-outlines-further-engagement-plans/

The overall reaction 😅