All posts tagged: Virtual Currency

Is the Canadian government moving towards a cashless society?

The Bank of Canada, which prints and manages Canada’s currency, has stated it is exploring producing its own version of digital money. Bank of Canada senior deputy governor Carolyn Wilkins suggested this move in a speech at the University of Waterloo in Ontario in early November. The announcement, reported in The Globe and Mail, was prompted by the rise of  digital currencies such as Bitcoin. There is concern that virtual currencies could eventually challenge the Bank’s monetary authority.