Legislation

A Bold Statement from Bank Of Canada!

Bitcoinist | May 21, 2014 | 15:00

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The Bank of Canada has come out with a very bold statement, stating that Bitcoin adopted could destabilize global finance. Bank of Canada extends even further than that, including all other digital currencies in spectrum, such as Facebook credits, Amazon coins, and World of Warcraft gold just to name a few. Bank of Canada wasn’t all hate however, acknowledging the potential benefits of faster transaction times, less fees, etc. they do feel that in Bitcoins current stance, Bitcoin entering the mainstream would be a dangerous move. This hasn’t stop Canadian Bitcoin enthusiasts, with their continued push for mainstream adoption, whether that’s in the form of Bitcoin ATMs or getting Bitcoin accepted at your favorite coffee shop.