Bank of Canada Looking Into Issuing Digital Currency Like Bitcoin
The Bank of Canada is looking into possibly issuing its digital currency like Bitcoin, according to a senior official in the bank, CBC News reports. Carolyn Wilkins, the bank's senior deputy governor, said so in a keynote address entitled, "Money in a Digital World" at Wilfrid Laurier University in Waterloo, her alma mater. At the same time, she said that the bank is keeping a close eye on both benefits and drawbacks of digital currency. Wilkins says Bitcoin and other digital currencies have a long way to go before they can truly circumvent central banks, since the daily number of....
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The Bank of Canada has announced that it will soon publish the results of its own coordinated blockchain experiment. As part of the project, the bank built a functioning blockchain prototype and fiat-backed digital token. The Central Bank of Canada Has Tested Blockchain Protocol. Carolyn Wilkins, the central bank’s senior deputy governor, said the bank....
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