The case against a Canadian digital currency
The preference for digital currency is growing fast, but Canadians are concerned about their privacy
The preference for digital currency is growing fast, but Canadians are concerned about their privacy
IAN MADSEN: Rising prices may be increasing their allure but there are considerable risks
But underneath all the media brouhaha on bitcoin, a struggle is brewing in the crypto world: which altcoin will pick up the baton?
Canada must emulate countries such as Liechtenstein and Malta, which adapted legislation in advance to attract crypto entrepreneurs
A fraction of the global economy moving to a bitcoin standard will create a ripple effect
The cryptocurrency genie is out of the bottle, with altcoins flourishing by the thousands, and there is no going back
New Canadian rules shift all the burden and risks to consumers, and may push away investors
The key is to find digital mediums of exchange that preserve the distinct attributes of cash
For survival, central banks have little choice but to enter the digital-currency race. But it’s a race they will eventually lose
Cryptocurrencies may still be experimental but they’re already driving competitive pressure on established institutions
Regulations against nonexistent threats fuel unwarranted fears and impede sector development