Global News shows that as more central banks around the world consider options for issuing digital currency, the Bank of Canada is also making its own preparations for a possible future with high-tech legal tender.
Eric Sorensen explains how this could fuel the digital economy and the complications standing in the way.
Digital currency is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. Types of digital currencies include cryptocurrency, virtual currency and central bank digital currency.
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