Crypto has potential but it won't usurp the loonie: Bank of Canada governor StephHughes95
“In the future, the Canadian dollar will remain at the centre of our current financial system,” Macklem said during evening testimony at the Senate banking committee on April 27. “We have our Canadian currency, and we have a certain exchange rate. So, we need a monetary policy in Canada for Canadians which reflects the needs of Canadians.”
“In a digital economy, there are reasons why this might be good for Canadians to have the opportunity to have a cryptocurrency or digital funds in the central bank,” Macklem said. “We’ll be ready when the time comes to make a decision. Right now, it’s being looked at.”whether the private sector is taking the lead on regulatory conversations
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
John Robson: Pay no attention to Tiff Macklem, the man behind the Bank of Canada curtainHere we go again. Experiencing a significant public policy failure, in this case inflation, we must decide whether to face it squarely or suppress impudent…
Read more »
Handling your digital estate: What to do with your social media, crypto once you're goneMore Canadians are likely faced with the task of deciding what to do with their digital estate once they're gone, whether that means protecting their cryptocurrency or leaving their social media accounts in someone else's hands.
Read more »
Expanding EV charging station network is ‘perfect fit’ for Infrastructure Bank, CEO saysEhren Cory said he welcomed the federal government’s recent budget announcement that the bank will invest $500-million in zero-emission transportation projects
Read more »
Bank of Canada's Lane sees major role for private sector in making central bank digital currencies flourish\u0027If people don\u0027t trust the central banks, then the CBDC is presumably a non\u002Dstarter\u0027
Read more »
New investing orders should make it simpler to deploy funds: Infrastructure Bank CEOThe head of a federal infrastructure agency says a new set of investing orders from the Liberal government should make it simpler to deploy more funding in the coming months.
Read more »
Poorer households trust the European Central Bank less, study findsA report released Wednesday found that trust in the ECB, national central banks and the European Commission was lowest among households who earn less than €20,000 per year or who feel that inequality is too large
Read more »