This is Only a Test: Bank of Canada Comments on CAD-Coin Blockchain Trial
Canada’s central bank unveiled a blockchain-based interbank payment experiment earlier this week, a move the institution said in new statements isn’t intended to launch a new e-money system. When reached for comment, Central Bank of Canada senior deputy governor Carolyn Wilkins said that the ‘CAD-coin’ project was intended “solely to better understand the technology first-hand”. Notably, she said that the scope of the Canadian central bank’s work is devoted to the interbank area, and that a number of key questions remain on the table. Wilkins told CoinDesk: "Other frameworks need to....
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Bank of Canada is seriously looking into blockchain technology. At the same time, the Canadian payment ecosystem is expected to see some changes in the coming months. Speaking of alternative currency and technology associated with it, the bank of Canada is looking into the use of blockchain technology seriously. The new came out recently after the Senior Deputy Governor of the Bank of Canada, Carolyn Wilkins mentioned that the central bank will be making use of the distributed ledger technology to test interbank payments. During the same session, Wilkins also made it clear that the country....