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Bank of Canada decides against launching digital currency, but leaves door open

Bank of Canada decides against launching digital currency, but leaves door open

The Bank of Canada doesn’t yet see a need to create its own digital currency, even as some central banks advance toward e-money. “We have concluded that there is not a compelling case to issue a CBDC [central bank digital currency] at this time,” Bank of Canada deputy governor Timothy Lane said in a speech in Montreal Tuesday.







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