Bank of Canada considers "minting" proprietary virtual currency

Wednesday 19 November 2014 00:28 CET | News

Bank of Canada has been mulling over “minting” a proprietary digital currency like Bitcoin, according Carolyn Wilkins, Senior Deputy Governor of the bank, claimed.

Wilkins has also informed that the bank is also gauging the benefits and drawbacks of the digital currency.

Wilkins also reiterated the banks view on the digital currency as an investment product rather than money, and that capital gains made on the sale of digital currency should be reported to the Canada Revenue Agency.

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Keywords: Bank of Canada, minting, mull over, virtual currency, cryptocurrency, digital, implementation
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3