Canada Wants a Loonie-Linked Digital Forex, Coverage Specialists Say

Such a feat by the Financial institution of Canada would require any potential stablecoins to be nicely designed and controlled to make them enticing to Canadians, Zelmer and Kronick wrote. The digital foreign money also needs to be issued in token kind, with decentralized know-how for settling transactions, permitting Canadians to retain many of the advantages of a paper foreign money, the authors added.

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