Bank of Canada Governor: Bank of Canada to Explore Emerging Technologies such as Digital Currency in Early 2020

According to Forbes, Bank of Canada Governor Stephen Poloz recently talked about digital impact and the future of currency in his year-end speech. Stephen Poloz pointed out that emerging payment technologies, including Bitcoin and stablecoin applications, are an area of ​​continuous research. From all perspectives, whether the Bank of Canada considers it necessary to issue a digital currency to replace cash is an open question. However, the world of money is developing rapidly, so the Bank of Canada needs to plan for any emergencies, and the Bank will express more views on this in early 2020. He said that because these technologies may be global, they are attracting the attention of central banks and other regulators.