Bank of Canada ‘contingency planning’ in case public digital currency becomes necessary, official says [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Bank of Canada ‘contingency planning’ in case public digital currency becomes necessary, official says The BoC doesn't currently have cause to issue a digital currency, but it can envision a future where it may need to be ready to do so, deputy governor says The Bank of Canada doesn’t currently have cause to issue a digital currency, but it can envision a future where it may need to be ready to do so, an official from the central bank suggested on Friday. Deputy governor Timothy Lane said during an event at the Federal Reserve Bank of Philadelphia that the Bank of Canada has conducted research over the past few years about whether the central bank should try to create a digital currency. “I think the conclusion when we think about it is that we can’t really see a compelling reason for doing it under current circumstances, but we can plausibly see the world changing in a way that could actually make it something we’d want to consider very seriously and, in fact, be ready to do if those
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