Bank of Canada

Central Banks

Decentralizing Central Banks: How R3 Envisions the Future of Fiat

In a new report, bank consortium R3 compares two competing concepts for moving fiat currency to a blockchain or distributed ledger.

Markets  ·  5 April 2017
Canada

Canada’s Central Bank is ‘Open’ to More Blockchain Tests

Canada’s central bank said it’s willing to try out more blockchain prototypes, according to one of its senior officials.

Tech  ·  23 February 2017
Regulation

Bank of Canada: Digital Currencies Need Regulation to Succeed

Researchers from Canada's central bank argue that private digital currencies like bitcoin won't succeed without some kind of government involvement.

Markets  ·  17 February 2017
Canada

Project Jasper: Lessons From Bank of Canada’s First Blockchain Project

Canada's central bank discusses new takeaways from six months of distributed ledger experimentation.

Business  ·  10 February 2017
Research

Bank of Canada Paper: Bitcoin Adoption Could Stabilize Price

The Bank of Canada has published a new staff working paper on the valuation of digital currencies like bitcoin.

Tech  ·  31 August 2016
Canada

Bank of Canada Deputy Governor: Cooperation Needed to Advance Distributed Ledgers

Bank of Canada's Carolyn Wilkins explains how distributed ledgers could solve old problems while creating new challenges in the financial sector.

Markets  ·  17 June 2016
Canada

Bank of Canada: Bitcoin Could Create ‘New Monetary Order’

Central banks would "struggle" to implement monetary policy if digital currencies become more widely used, according to a Bank of Canada official.

Business  ·  16 November 2015
Regulation

Bank of Canada Keeping ‘Close Eye’ on Digital Currencies

The Bank of Canada says it's “keeping a close eye” on risks posed by new forms of electronic money.

Policy & regulation  ·  14 November 2014
BitMEX

Bank of Canada Research: Cryptocurrency Arbitrage Doesn’t Exist

A new working paper from the Bank of Canada suggests that arbitrage opportunities don't exist in the cryptocurrency markets.

Markets  ·  13 August 2014
Regulation

Bank of Canada: Bitcoin Adoption Could Destabilize Global Finance

A new report from Bank of Canada takes a critical view of how bitcoin adoption could affect global commerce.

Policy & regulation  ·  13 May 2014
Regulation

Canadian Central Bank Not Worried by Bitcoin

The Bank of Canada is not very concerned by the advent of bitcoin and digital currencies in general.

Policy & regulation  ·  1 May 2014
Regulation

Bitcoin is Not Legal Tender, Says Canada Government Official

The country only recognizes Canadian bank notes and coins, according to a Department of Finance email statement.

Policy & regulation  ·  17 January 2014