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Bank of Canada research consultant proposes a financial system that uses the cryptocurrency Bitcoin as the standard currency instead of the fiat currencies.
Carolyn Wilkins recently warned banks about the effect that cryptocurrencies like Bitcoin can bring to the monetary policy.
On November 13, Bank of Canada Senior Deputy Governor Carolyn Wilkins gave a speech at Wilfrid Laurier University in Waterloo, Ontario, on 'Money in a Digital World,' where she tackled the topic of 'e-money,' dissecting both the benefits and risks of such innovations, and said that Canada's central bank was "undertaking research on the potential merits of issuing e-money."
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