BoC Governor Macklem says working on fully executable plans for a digital currency

Author: Eamonn Sheridan | Category: Central Banks

Bank of Canada Gov Macklem speaking with Reuters 

  • Bank of Canada is working with g7 and others to make sure any private stablecoins are 'used by the right people for the right reasons'
  • if one country creates digital currency before we do, it would certainly create problems
  • bank is working with g7 and others to move forward 'in a globally coordinated way'
  • says digital currency not yet needed; stresses decision to create one would be ultimately up to finance minister
  • bank is now working on moving from proof of concepts to more fully executable plans for a digital currency


 more to come  
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