Bank of Canada sees no strong case for a digital dollar — for now

The Bank of Canada does not see a strong reason for issuing a central bank digital currency, or CBDC at the moment.
Timothy Lane, the Bank of Canada’s deputy governor and head of research at the bank’s fintech and crypto department, spoke on CBDC issues at a Wednesday panel, Reuters reports.

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Bank of Canada calls central bank digital currencies risky, especially storage

Canada’s central bank, the Bank of Canada, recently put out a report on the risks and benefits of a central bank digital currency. 
“An anonymous token-based central bank digital currency (CBDC) would pose particular security risks,” the Bank of Canada wrote in its Oct. 5 report.

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