Bank of Canada: Bitcoin Could Create 'New Monetary Order'

Bank of Canada: Bitcoin Could Create 'New Monetary Order'

Central banks would "struggle" to implement monetary policy in a world where digital currencies are more widely used, a senior official from the Bank of Canada said in a speech last week. During an appearance at the Rotman School of Management and Munk School of Global Affairs in Toronto, senior deputy governor Carolyn Wilkins spoke about innovation and the changing face of central banking in a post-financial crisis world. Wilkins pointed to bitcoin as part of a landscape of alternative financial technologies and concepts that she said are pushing more and more financial activity "outside....


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