The Bank of Canada is researching a digital version of cash. Here’s what that could mean for you

News Snapshot:

Open this photo in gallery: A CBDC is basically a digital version of an existing central bank currency, like the Canadian dollar, and would act in the same way as physical cash.Sean Kilpatrick/The Canadian Press For the last few years, the Bank of Canada has been working on the logistics of a potential Central Bank Digital Currency: a purely digital form of the Canadian dollar. While the choice about whether to launch a CBDC rests with the federal government, the central bank has said it wants to be prepared for the possibility — especially as Canadians increasingly use digital methods...