Government regulation needed for digital currencies to remain secure – paper

A working paper published by the Bank of Canada has drawn striking parallels between the country's historic experience with privately-issued and government-issued banknotes and digital currencies.

By comparing competing public and private currencies, authors Ben Fung, Scott Hendry and Warren Weber seek to understand what might happen as various groups – including central banks – attempt to introduce digital currencies.

"We conclude that well designed and managed private digital currencies