Bank of Canada should start issuing digital currency, experts say

Global News published this video item, entitled “Bank of Canada should start issuing digital currency, experts say” – below is their description.

Some technologists are telling the Bank of Canada that its wait-and-see approach when it comes to issuing digital currencies runs the risk of leaving it behind in the race to innovate globally.

A digital currency is any currency that exists exclusively in electronic form. Bitcoin is perhaps the world’s most well-known.

But Bitcoin is a decentralized cryptocurrency, meaning it isn’t controlled by a single entity.

A central bank digital currency, on the other hand, would be issued and managed by a central bank. Anne Gaviola has more.

For more info, please go to https://globalnews.ca/news/7962754/covid-digital-loonie-bank-of-canada/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc

Like Global News on Facebook HERE: http://bit.ly/255GMJQ

Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt

Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB

#GlobalNews

Global News YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - Global News

Global News is the news and current affairs division of the Canadian Global Television Network, based in Vancouver, Canada.

Recent from Global News:

Impact inflation, living costs have on birth rates and canadians on parental leave 1

Impact inflation, living costs have on birth rates and Canadians on parental leave

Construction of EV battery plant in Quebec temporarily halted following criticism

Ukrainian armour becomes battle-scarred art exhibit as Russia-Ukraine war rages on

In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

4 Recent Items: Bitcoin

Crypto, stablecoins, payment systems, and regulation: Circle CEO weighs in from Davos

Stock market today: Dow, S&P 500 hit record highs as tech stocks soar | January 19, 2024

Bitcoin’s post-ETF drawdown continues, testing support at $40,000: CNBC Crypto World

How Bitcoin lost by winning

In This Story: Canada

Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

2 Recent Items: Canada

Impact inflation, living costs have on birth rates and Canadians on parental leave

Global National: Jan. 19, 2024 | Health data shows influenza, COVID-19 cases decreasing in Canada

In This Story: COVID-19

Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

Symptoms of coronavirus

The main symptoms of coronavirus are:

  • a persistent new cough (non productive, dry)
  • a high temperature (e.g. head feels warm to the touch)
  • shortness of breath (if this is abnormal for the individual, or increased)

Latest News about Covid-19

Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

5 Recent Items: COVID-19

Global National: Jan. 19, 2024 | Health data shows influenza, COVID-19 cases decreasing in Canada

Stock market today: Dow, S&P 500 hit record highs as tech stocks soar | January 19, 2024

Stock market today: Stocks climb with techs ready to roar | January 19, 2023

Dr Anthony Fauci ‘became part of the problem’ when it came to the spread of Covid misinformation

WEF summit: Canada warns of future supply shocks amid global instability

In This Story: Cryptocurrency

A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

Coin Exchanges #Ad

Major exchanges and platforms enable the purchase, trading and swapping of cryptocurrencies. To get started with crypto, register with an exchange or platform such as:

4 Recent Items: Cryptocurrency

Are football fan tokens risky?

AMC CEO on outlook: AMC will get quite involved in cryptocurrency

LIVE: CNBC TechCheck’s Deirdre Bosa chats with FalconX CEO Raghu Yarlagadda — 8/10/21

Coinbase earnings out Tuesday — Here’s what to expect

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.