BOC Preparing Digital Currency, No Plan to Issue | Crypto Craft

  • BOC Preparing Digital Currency, No Plan to Issue

    From mninews.marketnews.com

    The Bank of Canada is mapping out how it might issue a digital currency in case the decline of cash or new private forms of money shake up the financial system, Deputy Governor Tim Lane said Tuesday. There are no current plans to issue a digital currency and the government would have to alter legislation to permit such a change, Lane said. The speech and a 17-page discussion paper is the strongest signal yet about Canada may deal with the popularity of digital payments and challenges to sovereignty from private alternatives like Facebook's Libra and bitcoin. The Canadian dollar must remain as the dominant way to ... (full story)

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photoshop
Feb 26, 2020 1:53am
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No plans because bitcoin and co. are not a threat. Just a group of rebel gangs without practical means as a solid currency
Just a vehicle for investment, an asset.

If bitcoin was ever to become stable enough for people to think it is a real currency, (not going to happen because it is too easily manipulated), banks will see this coming and make their move.
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TudorIoan
Feb 26, 2020 2:51am
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Quoting photoshop
No plans because bitcoin and co. are not a threat. Just a group of rebel gangs without practical means as a solid currency Just a vehicle for investment, an asset. If bitcoin was ever to become stable enough for people to think it is a real currency, (not going to happen because it is too easily manipulated), banks will see this coming and make their move.
Bitcoin is high up because it reflects the psychology of the people who's against the banking system.
Those guys are extremely enthusiastic.
That's why the price is high ...it's the price of craziness !
Uh, that's unique ! .........but definitely overrated
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TudorIoan
Feb 26, 2020 3:42am
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Quoting Not-KPMG
They have Loonies. Disgusting manipulated currency... Now what??? Some loonies fake digital dollars?
Bitcoin is the most manipulated asset ever. Crypto whales can easily manipulate the price of bitcoin.

Bitcoin is not blockchain, people ! Bitcoin it can be easy manipulated by the crypto whales money power
...bitcoin is like private money, owned by the guys who promote crypto
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Not-KPMG
Feb 26, 2020 3:09am
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They have Loonies.
Disgusting manipulated currency...

Now what???
Some loonies fake digital dollars?

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afevir
Feb 26, 2020 3:14am
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https://www.esmartcity.es/2020/02/25/banco-central-suecia-inicia-proyecto-piloto-probar-moneda-digital
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