On February 25, 2020 executives from the Bank of Canada made public statements regarding the issuance of a centralized bank digital currency (CBDC). Specifically, the bank’s Deputy Governor, Timothy Lane spoke on the possibility and scenarios in which the bank would pursue this course of action at the CFA Montreal FinTech RDV 2020. The speech touched on the rapidly evolving technology affecting the financial sector, and, how the Bank of Canada is responding to the environment.
Continue reading: https://www.securities.io/the-bank-of-canada-could-issue-a-digital-currency-in-the-future/
