Digital Loonie

• The Bank of Canada is ‘scaling down’ plans for a possible digital loonie

  For now, the Bank of Canada is shifting away from preparations for a possible central bank digital currency amid the lack of a 'compelling case' for the technology.

  Money

  Sep 24, 2024
  
• Digital loonie? Bank of Canada survey results find most opposed

  The Bank of Canada's public consultations on the creation of a digital Canadian dollar reveal most respondents are opposed to it. Here's why.

  Economy

  Nov 29, 2023
  
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• Digital loonie? Bank of Canada wants your thoughts on potential new currency

  The Bank of Canada has launched an online public consultation on the features that could be included in a digital loonie, but also reiterated cash isn't going anywhere.

  Economy

  May 8, 2023
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• Federal documents warn of sweeping implications if ‘digital loonie’ adopted

  The Bank of Canada has spent years looking at whether to introduce a digital currency, but so far hasn't seen an immediate need to issue one.

  Canada

  Jan 3, 2022
• Bitcoin’s rising popularity puts pressure on central banks to issue digital currency

  Bitcoin has shifted from the fringes of finance towards embrace by major investors, companies and even cities.

  Money

  Feb 15, 2021
• Recent bitcoin rally is ‘speculative mania,’ Bank of Canada warns

  The recent spike in cryptocurrencies like bitcoin looks less like a trend and more like a speculative mania, Bank of Canada deputy governor Timothy Lane said.

  Economy

  Feb 10, 2021