The Central Bank of Canada is studying in detail the possibility of issuing digital currency, according to an internal presentation received by the Financial Post.
Cryptocurrency in Canada
The presentation was presented to Stephen Poloz, Governor of the Bank of Canada, as well as the board of directors of the central bank, as a two-year research project on whether the bank should issue its own digital currency.
According to the presentation, the digital currency issued by the central bank will offer all the benefits of assets secured by the central bank and all the convenience and security of wireless electronic payments.
“We need to innovate to stay in the game,” the presentation said.
The proposed digital currency can also help governments gather more information, according to the presentation.
“Personal data is not transmitted to the recipient, but can be transferred to the police or tax authorities,” the presentation said.
Interesting in the section: Libra motivates the central bank of Sweden to issue cryptocurrency
- Quebec, a predominantly French-speaking province in eastern Canada, offers very attractive discounts on electricity in an effort to attract the Bitcoin miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details business.
- Canadian Pacific Railway (CP) joined the blockchain in the transport alliance (BiTA).