Canada Wants a Loonie-Linked Digital Foreign money, Coverage Specialists Say

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Such a feat by the Financial institution of Canada would require any potential stablecoins to be nicely designed and controlled to make them engaging to Canadians, Zelmer and Kronick wrote. The digital forex also needs to be issued in token kind, with decentralized expertise for settling transactions, permitting Canadians to retain many of the advantages of a paper forex, the authors added.