Bank of Canada – Page 2

Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis

An analyst at the Bank of Canada has written a paper that identifies recurring patterns in CBDC models and how those patterns impact a list of performance criteria.

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Canadia’s new opposition leader is a Bitcoiner

The new Conservative Party of Canada leader has previously advocated for financial freedom through crypto tokens, smart contracts and decentralized finance.

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Bank of Canada’s Official: Crypto Needs Regulation Before It Becomes ‘a Lot Larger’

Bank of Canada’s senior deputy governor says the central bank does not want to wait until crypto “gets a lot larger” before it brings regulatory controls in place. “This is an area that is still small, but it’s growing really rapidly,” the official said. Bank of Canada’s Official Stresses the Importance of Crypto Regulation Bank […]

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Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting

The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place […]

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3 questions on financial literacy Bitcoiners flunk: Bank of Canada

“In particular, Canadians who were young, male, employed, had a university degree, high household income and relatively low financial literacy were more likely to own Bitcoin.”

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Quantum computing firm simulates adoption of crypto payments

“We wanted to test the power of quantum computing on a research case that is hard to solve using classical computing techniques,” said Maryam Haghighi.

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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.

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Study suggests Canadian CBDC could promote digital innovation within the country

The Bank of Canada suggested that a Canadian CBDC could provide a number of innovations, including the elimination of transaction fees from debit and credit cards.

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Bank of Canada sees no strong case for a digital dollar — for now

Amid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency.

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Bank of Canada: Crypto highly risky despite institutional adoption

Crypto volatility is an emerging vulnerability to Canada’s financial system, while stablecoins pose risks for the country’s monetary system, the Bank of Canada said.

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