The head of the Bank of Canada announced the readiness of the national digital currency for launch, Governor of the central bank of Canada Tiff Maclem said that the initiative of his department to develop its own digital currency is ready to exit the experimental stage. In a conversation with Reuters, he also said that they are cooperating in this direction with other G7 countries.

The head of the Bank of Canada announced the readiness of the national digital currency for launch

Tiff Maclem, Governor of the Central Bank of Canada, said that his department's initiative to develop its own digital currency is ready to exit the experimental stage. In a conversation with Reuters, he also said that they are cooperating in this direction with other G7 countries..

At the same time, he noted that the Bank of Canada does not intend to launch such an instrument yet, as it does not see an urgent need for it. He explained that the regulator does not want to lag behind other countries leading similar developments, and will be ready to present the Canadian dollar in digital form when it makes the appropriate decision..

“If another country has a CBDC, it can definitely create some problems. We clearly do not want to be surprised by any other country, ”he added.

Maclem explained that the cause for concern is the cross-border nature of national currencies, and that solving the inherent problems requires a "coordinated approach at the global level." Only in this way, he said, will it be possible to avoid abuse of digital currencies..

“It will be important to share information about what each of us is doing, plans to do, and when it can be done,” he said..

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