Canadian Conservatives Look to Gather Support for Bill Banning a Central Bank Digital Currency

by Anthony Murdoch | LifeSite News

Canada’s Conservative Party is looking to gather support for a bill that would outright ban the federal government from creating a central bank digital currency (CBDC) and make it so that cash is kept as the preferred means of settling debts.

The bill, dubbed the Framework on the Access to and Use of Cash Act, or Bill C-400, is sponsored by Conservative MP Ted Falk and already passed its first reading back in June of 2024. It is currently awaiting its second reading.

According to Falk, for “millions of Canadians,” notably “vulnerable folks in our population,” the use of “physical cash is essential to everyday life.”

“Likewise, charities, community organizations, and remote communities rely on cash to achieve their worthy goals,” he said while speaking of his bill.

“Finally, in a world where governments, banks, and corporations are increasingly infringing on the privacy rights of Canadians, cash remains the only truly anonymous form of payment.” Read Full Article >