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Canada’s central bank will approve only fiat-backed, high-quality stablecoins to ensure they are “good money” as part of the country’s plan to modernize its financial system. The Bank of Canada has signaled it will only approve high-quality stablecoins tied to central bank currencies to ensure stablecoins serve as “good money” under the country’s upcoming stablecoin…
“Poilievre says he would remove Bank of Canada Governor” Politics Insider for May 12: A roundup of the CPC debate; an Ontario Liberal candidate is fired over homophobic comments Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the morning. In his opening statement in the CPC leadership…
” 3 questions on financial literacy Bitcoiners flunk: Bank of Canada “ A study from the Bank of Canada found that Bitcoiners on average have lower financial literacy than those who don’t own Bitcoin (BTC). The study was compiled from four years of annual surveys from 2016 to 2020, with the sample sizes ranging anywhere…
” Quantum computing firm simulates adoption of crypto payments “ Multiverse Computing, a quantum computing firm with offices in Canada and Spain, has partnered with the Bank of Canada to run simulations on how the adoption of cryptocurrency might proceed as a payment method. In a Thursday announcement, Multiverse Computing said it used its equipment…
“Bank of Canada raises key interest rate to highest in 20 years” Politics Insider for April 14: The BoC’s big rate hike; Pierre Poilievre’s big rallies; and some tough housing questions Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the morning. The Bank of Canada has raised…
“Bank of Canada makes its biggest key interest rate hike in 20 years” Politics Insider for April 14: The BoC’s big rate hike; Pierre Poilievre’s big rallies; and some tough housing questions Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the morning. The Bank of Canada has…
” Bank of Canada collaborating with MIT on CBDC research “ The Bank of Canada has partnered with the Massachusetts Institute of Technology (MIT) to work on a 12 month research project focused on the design of a Central Bank Digital Currency. According to a March 16 announcement, the bank will work alongside the MIT…
“# Crypto poses no big risk to economy so far, Bank of Canada official says ” Cryptocurrencies like Bitcoin (BTC) do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada’s Deputy Governor Paul Beaudry. Beaudry spoke about the risks to the stability of the…
“# Study suggests Canadian CBDC could promote digital innovation within the country ” A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central Bank Digital Currency, or CBDC. The document laid out two scenarios that might result in the…
“# Bank of Canada sees no strong case for a digital dollar — for now ” The Bank of Canada does not see a strong reason for issuing a central bank digital currency, or CBDC at the moment. Timothy Lane, the Bank of Canada’s deputy governor and head of research at the bank’s fintech and…