85% of Canadians Say They Won’t Use Digital Currency: Bank of Canada Report

Eighty percent of respondents also said regulations should be put in place to require merchants to accept cash as a form of payment.

The Bank of Canada building in Ottawa in a file photo. Sean Kilpatrick/The Canadian Press

An overwhelming majority of Canadians have told the Bank of Canada in consultations they would not use an eventual central bank digital currency (CBDC).

The Bank of Canada (BoC) released the results of extensive consultations on the matter on Nov. 29.