Canada has been fairly proactive in its treatment of digital, virtual, and cryptocurrencies.
The Governor, while speaking to the CTV News, shared his opposing narrative on the subject, irrespective of the ongoing BTC craze.
Just last month, the bank exec opined that despite the existence of many cryptocurrencies, none qualify to be considered currencies.
Despite all the speculations, however, it was later clarified that the country won’t be launching a CBDC anytime soon.
For starters, one could argue that many see BTC as a medium to offset inflation.
For instance, Canada’s inflation rate currently stands at 4.4 percent, up from 4.1 percent in August, according to the latest data from Statistics Canada.
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