OTTAWA (Reuters) - The Bank of Canada on Monday reiterated it has no plans to introduce a digital currency for the time being, but said that might change if people began using physical cash less.
The Canadian central bank says it is well into the development process on a cash-like digital currency that it could release to the public, should the need arise. A number of other central banks are doing similar work.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!