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BIS inaugurates Toronto Innovation Centre with Bank of Canada
14.6.2024
Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements
Canada central bank assesses innovations and challenges of DeFi
17.10.2023
The staff note suggested that although the DeFi ecosystem brings a ton of innovations in the financial sector the regulatory challenges and vulnerability limit its potential use in traditional finance
Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada
11.8.2023
A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
15.10.2022
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin,...
Bank of Canada’s Official: Crypto Needs Regulation Before It Becomes ‘a Lot Larger’
15.6.2022
Bank of Canada’s senior deputy governor says the central bank does not want to wait until crypto “gets a lot larger” before it brings regulatory controls in place. “This is an area that is still small, but it’s growing really rapidly,” the official said....
13% of Surveyed Canadians Owned Bitcoin in 2021, Up from 5% in 2020 – Bank of Canada
10.6.2022
The share of the Canadian population that owned bitcoin (BTC) reached 13% in 2021, up from just 5% a year earlier, a new report from the Bank of Canada has revealed.
According to the report, the notable increase in bitcoin ownership last year reflects easier access to the cryptocurrency through...
Quantum Simulations Predict that Merchant Crypto Adoption Could Spread in 'Cliques'
19.4.2022
Quantum computer simulations conducted by researchers at quantum computing startup Multiverse Computing and the Bank of Canada have shown that crypto adoption among merchants can spread in “cliques of firms”, as individual firms generally base decisions on what their partners do....
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Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals
16.6.2020
The Bank of Canada is preparing to design its own central bank digital currency (CDBC), detailing its plans in a new job posting
Canada Pushes to Regulate Crypto Adoption, Forgoing Volatile BTC Past
31.10.2019
Canadians have been pushing for crypto adoption since 2013 — and now, the Canadian Government is leading working groups at home and in the international community