Federal Documents Hint At Sweeping Economic Impact From Central Bank ‘Digital Loonie’ | CTV News

OTTAWA – Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency.The Bank of Canada has spent years looking at whether to introduce a digital currency, but so far hasn’t seen an immediate need to issue one. In one briefing note from last January, officials warned Finance Minister Chrystia Freeland that the issuance of a central bank digital currency would entail “wide-reaching implications for the economy, the financial system” and the Bank of Canada’s…

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Tesla Bets Big On Bitcoin, Plans To Accept Cryptocurrency | Bloomberg

Tesla Inc. invested $1.5 billion in Bitcoin and signaled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a new record after the vote of confidence from the electric-car market leader. The Palo Alto, California-based manufacturer said in a filing Monday it made the bet on Bitcoin after updating its investment policy last month to allow the company to invest in digital assets as well as gold bullion and gold exchange-traded funds. Read full story here: Tesla Bets Big On Bitcoin, Plans To Accept…

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What Is Bitcoin? Here’s What You Need To Know About It | Digital Trends

Bitcoin. It’s a word that was once merely discussed as an academic idea among technology enthusiasts, then became a hushed mention among law enforcement tackling online drug trades – and most recently it’s the latest craze for those looking to make a quick buck. But what is bitcoin? Why are people so interested in it? People buy bitcoin for all sorts of different reasons. It’s a store of value, a transactional medium, and an idea that some claim could change the future of economics entirely. Most notably, it’s not a…

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