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Bank of Canada Keeping 'Close Eye' on Digital Currencies - CoinDesk

FXStreet (Barcelona) - The CoinDesk Analysis Team note that The Bank of Canada is "keeping a close eye" on risks posed by new forms of electronic money, according to a new statement released on Thursday.

Key Quotes

"The statement is based on remarks made by the bank’s senior deputy governor Carolyn Wilkins at a university event in Waterloo, Ontario."

"During the event Wilkins discussed two different types of electronic money: those denominated in national currencies and backed by their issuer and cryptocurrencies with no issuer, such as bitcoin."

"Wilkins noted the potential risks and benefits of digital currencies, concluding that bitcoin remains outside the mainstream and, as such, does not pose a serious threat to Canada's financial stability."

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