Sunday, 14 February 2021

Canada looking to create digital consumer currency


Global News shows that as more central banks around the world consider options for issuing digital currency, the Bank of Canada is also making its own preparations for a possible future with high-tech legal tender.

Eric Sorensen explains how this could fuel the digital economy and the complications standing in the way.

Digital currency is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. Types of digital currencies include cryptocurrency, virtual currency and central bank digital currency.

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