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Bank of Canada Won't Issue Its Own Crypto Unless Libra Succeeds: Deputy Governor

The Bank of Canada does not see the need to create a central bank digital currency unless a competitor – like Libra – starts dethroning the existing fiat.

Bank of Canada Deputy Governor Timothy Lane said the central bank won't issue a central bank digital currency unless a private competitor takes off. (Image via YouTube)
Bank of Canada Deputy Governor Timothy Lane said the central bank won't issue a central bank digital currency unless a private competitor takes off. (Image via YouTube)