Crypto poses no big risk to economy so far, Bank of Canada official says

Crypto poses no big risk to economy so far, Bank of Canada official says

Canada is one of the first countries to approve a Bitcoin ETF and is the fourth-largest nation in terms of hash rate. Cryptocurrencies like Bitcoin (BTC) do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada deputy governor Paul Beaudry.Beaudry spoke about the risks to the stability of the Canadian financial system at the Ontario Securities Commission Dialogue 2021 on Tuesda.When asked whether cryptocurrencies are a risk, the deputy governor responded that the Bank of Canada doesn’t think that crypto is “developing in a way....


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