Bank of Canada Acknowledges Bitcoin Could Possibly Disrupt Global Financial Stability
The Bank of Canada has released a new document outlining some of their views on bitcoin (and digital currency). Perhaps most interesting, the Canadian Central Bank acknowledged that bitcoin could possibly disrupt global financial stability if its adoption continues to grow. As they do with platform-based digital currencies, central banks are studying and closely monitoring decentralized digital currencies such as Bitcoin. There could be potential risks to overall financial stability if Bitcoin became a significant means of payment and the Bitcoin system remained unstable. It's no surprise....
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