The Globe and Mail reports in its Thursday, Nov. 30, edition that any digital currency the Bank of Canada might issue in the coming years would not pay interest or require users to disclose private information to access the payment system. The Globe's Mark Rendell writes that the choice of whether to launch a digital form of the Canadian dollar rests with the federal government. However, the BOC has begun laying the groundwork for a central bank digital currency (CBDC) in case Ottawa asks it to move ahead with a digital version of cash. On Wednesday, the BOC published a report spelling out its clearest vision to date of what a potential CBDC might look like, based on consultations with financial institutions, civil-society groups and the public. Senior deputy governor Carolyn Rogers said in a statement: "Our responsibility is to ensure the Canadian payments system is ready for the economy of the future. The way people pay for things and use money is changing. If Canadians decide a digital dollar is necessary, our obligation is to be ready." The BOC suggested that any CBDC would be built upon the existing financial system. The Globe reports that the Canadian Bankers Association does not believe CBDCs are necessary.