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Bank of Canada experiment proves distributed ledger networks can be used to settle payments
Powell says digital currencies issued by central banks could “stifle” private sector payment innovation
Canadian paper draws historical comparison between banknotes and digital currencies Canadian paper draws historical comparison between banknotes and digital currencies, concluding regulation is needed to ensure safety
BCEAO to distribute digital currency first in Senegal before rolling it out across the region BCEAO to distribute digital currency first in Senegal before rolling it out across the west African bloc; 'eCFA' developed by regional bank and Irish fintech start-up eCurrency Mint
BoJ not currently planning digital currency issuance Deputy governor says central banks must adopt new payment technologies to meet demand, though the BoJ is not planning to issue digital currencies at present
Digital currency issuance raises many design challenges, deputy says Cash use is declining, but people still need access to central bank money, raising the need for a central bank digital currency; design challenges remain, says deputy governor
Costs and benefits need to be better understood, says Cleland Costs and benefits need to be better understood, says Cleland, but the Bank of England is investigating all avenues