OTTAWA - The COVID-19 pandemic is accelerating the public’s use of online services and that means the Bank of Canada must move more quickly to research how a central bank digital product would work, a top official said on Wednesday.
“The main point, I think, is this is all looking a lot more urgent because of the speed with which technology is evolving,” said Lane. Lane has previously said that the Bank of Canada could launch a CBDC if a private cryptocurrency were to make serious inroads, creating privacy concerns.
Source: Digital Coin News (digitalcoinnews.net)
666.....no thanks Canada. I'll take my chances with real money.
Why?
Nooooooo!!!!! Too much government control. BitCoin will become the black market
👹👹👹
I see things like this, and then sit back with my coffee waiting a few days week month to see how many millions of people had their banking information hacked and hey maybe change passwords because they're soon mailing people to notify them if they were affected.
What is happening is that the ineficiency of translating digital transactions into physical ones, through disposing of physical money, from one bank to another is making the whole monetary system, a bit ridiculous.
Economic forum too.. 🧐
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