Back in February, Timothy Lane, a deputy governor of the Bank of Canada, stressed that Canada had no need for a state-backed digital currency, but that it would develop one anyway, should the need arise. Now, Lane has suggested that the need may be arising sooner than the Bank expected. “While we don’t know what the future may bring,” said Lane at a FinTech conference in February, “we need to move forward to work out what a potential CBDC might look like and how it could be managed, if the decision were ever taken to issue one.” At that conference, he outlined two scenarios that could potentially prompt Canada’s ... (full story)