The central banks of Australia, Canada and Colombia have suspended plans to launch digital currencies (CBDCs). 📉

- The Reserve Bank of Australia said there is no public interest in issuing a retail CBDC.

- The Bank of Canada has shifted its focus to research into payment systems.

- The Columbia bank said there is a lack of incentive to issue a CBDC.

Central banks fear that CBDCs could destabilize the financial system and displace cash.