Bank of Canada Governor Still Backs Cash Over Crypto
During the presentation, given to The Empire Club of Canada, Governor of the Bank of Canada, Stephen S. Poloz laid out some interesting reasons why he believes cash is better than...
Bank of Canada to Fight Crypto with Own Digital Currency
The Bank of Canada (BoC) is thinking about developing a digital currency that would eventually replace fiat money completely, according to local media platform The Logic. Govt-Backed...
‘Adoption is Real’: Nearly 5 Percent of Canadians Now Own Bitcoin
At least four different studies by institutional authorities indicate that between 3 and 5 percent of people in Canada own Bitcoin. Bitcoin Investors Are Spreading in Canada...
Bank of Canada: Proof-of-Work Beats Alternative Consensus Systems
Canada’s central bank has championed proof-of-work (PoW) algorithms as part of a new research paper on Blockchain consensus. ‘Irretrievable Sunk Costs’ In its Staff...
Bitcoin Ownership Rising Throughout Canada
Canada has seen an increase in its bitcoin ownership rate from 2.9 percent in 2016 to 5.0 percent in 2017. Usage trends have also shifted, with most Canadians now holding bitcoin...
Bank Of Canada Governor: Cryptocurrency ‘Keeps Me Awake At Night’
Cryptocurrencies are one thing keeping Bank of Canada Governor Stephen S. Poloz “awake at night,” he has admitted. Poloz: Bank-Issued Cash ‘Only Risk-Free Means Of...
Bank of Canada Paper Concludes Bitcoin Can Be Counterfeited
The world is still coming to grips with an inevitable future of purely digitized society. The future of the world’s monetary system is pretty important to gain control of, hence a...
The Bank Of Canada Is Siding With Bitcoin
The Bank of Canada may be starting an initiative that will look into changing their monetary policies. The central bank’s second in command Carolyn Wilkins had some encouraging words...