Today news
About the same in other media
Crypto poses no big risk to economy so far, Bank of Canada official says
Reading now: 593
Cryptocurrencies like Bitcoin (BTC) do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada’s Deputy Governor Paul Beaudry.
Beaudry spoke about the risks to the stability of the Canadian financial system at the Ontario Securities Commission Dialogue 2021 on Nov. 23.
When asked whether cryptocurrencies are a risk, the deputy governor responded that the Bank of Canada doesn’t think that crypto is “developing in a way that creates a systemic type of risk for a financial system” up to now. This is because cryptocurrencies are “quite removed from a financial system,” Beaudry noted.
But as the crypto market grows bigger with more people investing in it, crypto becomes more of a risk,
Read more on cointelegraph.comAbout this in other media
Canada Delivers Stellar November Job Gain, Putting Spotlight on Central Bank wsj.com /3 years ago
Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund cointelegraph.com /3 years ago
Bitbuy Becomes First Crypto Trading Platform to be Regulated as a Marketplace in Canada cryptonews.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
