Bank of Canada may speed research into central-bank e-currency

Bank of Canada facade

Timothy Lane, deputy governor of the Bank of Canada, said on February 10 that the bank has “accelerated” investigation of its own digital currency. However, he added that it was unclear there was demand for a “digital loonie”.

Speaking virtually to the Institute for Data Valorisation in Montreal, Lane noted that the pandemic had markedly increased use of electronic payments. He said that the Bank of Canada had commissioned three university research teams to “independently develop proposals for

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