Bank of Canada just says no to retail CBDC in reshuffling of priorities

Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.

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Bank of Canada says no to retail CBDC in reshuffling of priorities

Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.

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Canadian crypto adoption struggles as cash remains king

For two years in a row, Canadians have shown a strong preference for cash and card payments for day-to-day purchases.

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HKMA Warns Public of Fraudulent Social Media Account and Phishing Messages Related to Royal Bank of Canada

The Hong Kong Monetary Authority alerts the public about fraudulent social media accounts and phishing messages related to the Royal Bank of Canada. (Read More)

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Retail crypto market growth in Canada driven by market factors, regulation

Crypto platform WonderFi has swallowed up several of its competitors in Canada and expects to reap the benefits.

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BIS inaugurates Toronto Innovation Centre with Bank of Canada

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.

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US explores additional bank support, favoring First Republic's benefit: Report

Despite banking laws stating that remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” First Republic benefits, according to unnamed sources.

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US contemplates ‘expanding’ emergency lending facility for banks: Report

United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a time buffer to address its balance sheet concerns, according to people with knowledge of the situation. In a March 26 Bloomberg report citing unnamed sources, it was reported that U.S. officials [...]

The post US contemplates ‘expanding’ emergency lending facility for banks: Report appeared first on Crypto Breaking News.

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7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC.

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The Bank Of Canada Stresses Stablecoin Regulation When Legislation Is Presented

Between 2020 and mid-2022, the fiat-referenced crypto asset market grew 30-fold to $161 billion in U.S. dollars. In February, the Canadian House of Commons proposed Bill C-249, Encouraging the Cryptoasset Sector Act. Canada's crypto community supported the law, but it was politically controversial and buried after its second reading. (Read More)

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Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis

An analyst at the Bank of Canada has written a paper that identifies recurring patterns in CBDC models and how those patterns impact a list of performance criteria.

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Canada's new opposition leader is a Bitcoiner

The new Conservative Party of Canada leader has previously advocated for financial freedom through crypto tokens, smart contracts and decentralized finance.

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Bank of Canada Official Calls for Faster Crypto Regulation

The Bank of Canada expressed concerns about how quickly adoption of Bitcoin (BTC) and others is growing in the country and the slow pace of efforts to regulate the crypto industry.

Continue reading Bank of Canada Official Calls for Faster Crypto Regulation at DailyCoin.com.

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Pierre Poilievre Wants To Bring Bitcoin Adoption to Canada

Canadian politics has transformed from “unimpressive and unambitious” to an exciting new policy direction that includes Bitcoin at the center.

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Bank of Canada collaborating with MIT on CBDC research

The bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.”

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Bank of Canada Partners With MIT on CBDC Research

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BREAKING: Canada’s Largest Bank Found Running Bitcoin Full Node

Is the Royal Bank of Canada validating BTC blocks? Covered: Node found running on Banks IP Could it be a Rogue Intern? Node Found Running on Banks IP According to reports from Bitcoin Magazine, the largest bank in Canada, The Royal Bank, is spinning up a Bitcoin Full Node. Meaning, the bank would be assisting […]

The post BREAKING: Canada’s Largest Bank Found Running Bitcoin Full Node appeared first on CryptosRus.

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Bank of Canada Maintains Policy Rate – What This Means For Crypto

Bank of Canada maintains its policy rate. Will Jerome Powell follow suit? And, where does crypto fit into all of this? Is this a reason for optimism? Covered: Bank Of Canada Maintains Policy Rate US Fed Chair’s Imminent Policy Rate Announcement What This Means For Crypto Reasons For Optimism: FED Announcement Bank Of Canada Maintains […]

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Bank Of Canada Asserts Cryptocurrencies Create No Big Risks To The Economy Yet

Canada’s apex bank does not see cryptocurrencies as a major threat in tilting the balance of the financial ecosystem. The Bank’s Deputy Governor shared this sentiment in a symposium but highlighted the potential powers of stablecoins. Canada is seen as one of the progressive jurisdictions for cryptocurrencies after they became the first in North America […]

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‘Bitcoin Is Not A Digital Currency, People Do Not Use It’, Bank Of Canada Governor Reckons

Bank of Canada’s governor, Tiff Macklem, says Bitcoin is not a currency. Mike Novogratz agrees, but asserts that Bitcoin is “digital gold.” Canada still considers Bitcoin to be a commodity for tax purposes and is very open to making regulations for the crypto-industry.  Bitcoin cannot be called a currency according to the Governor of Canada’s […]

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