Bank of Canada Governor: Digital currencies will emerge due to their global potential but need to be properly regulated

According to AMBCrypto, during a recent event organized by the Empire Club of Canada, Bank of Canada Governor Stephen Poloz said that digital currency can never replace physical currency in the market because legal instruments are A generally accepted legal financial instrument. But Poloz also said that digital currencies (such as Bitcoin and Libra) will emerge because of their global potential, but also bring new risks to the financial system, and we need to understand these risks and regulate them appropriately.