Conservative bill aims to ban central bank digital currency, protect cash
The Conservative Party of Canada has introduced Bill C-276, which aims to ban the implementation of a central bank digital currency and ensure continued access to cash for Canadians. The bill emphasizes the importance of cash as a reliable and private means of transaction, while also mandating that no barriers exist for cash donations to charities. Although the bill is unlikely to become law, it highlights the opposition to digital currencies among some Canadian politicians.
- ▪Bill C-276 mandates the long-term viability of Canada’s cash infrastructure.
- ▪The bill aims to protect the ability of Canadians to use cash despite the availability of digital currencies.
- ▪A significant number of Canadians are opposed to a government-backed digital currency, according to recent studies.
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News Conservative bill aims to ban central bank digital currency, protect cash Bill C-276 mandates that the 'long-term viability of Canada’s cash infrastructure' be kept in place and calls for changes to the Currency Act so that any form of a digital 'dollar' will be banned. Shutterstock AnthonyMurdoch 0 Anthony Murdoch Comments 0 Wed May 20, 2026 - 4:13 pm EDT OTTAWA (LifeSiteNews) — The Conservative Party of Canada presented a bill that would ensure Canadians have “access to and use cash” forever and ban implementation of a “digital dollar.” Introduced recently by Conservative MP Ted Falk, Bill C-276 is titled “An Act to establish a framework for the continued access to and use of cash in Canada and to make related amendments to other Acts.” “The Minister must develop and implement a…
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