Bank of Canada

43 results about this entity

Period: 08 Mar 2010 - 24 Sep 2024

/crypto

Sibos 2020: What percentage of cross-border payments could be made in CBDCs?

Delegates discussing central bank digital currencies (CBDCs) at Sibos 2020 agree that there is a long road ahead for global mass adoption to facilitate cross-border payments.

/regulation

Bank of Canada designates Interac e‑Transfer as a prominent payment system

Bank of Canada Governor Tiff Macklem has designated Interac e‑Transfer ® as a prominent payment system under the Payment Clearing and Settlement Act, effective August 10, 2020.

/crypto

Bank of Canada advertises for CBDC project manager

Canada's central bank is in the market for a CBDC project manager to oversee plans for the creation of a mass-market, consumer-friendly digital currency.

ING economist: The US has most to lose in war of digital currencies

The US dollar's position as the unrivalled global currency means it has the most at stake should central banks begin to issue their own digital currencies, according to ING economist Carlos Cocuzzo.

/crypto

Bank of Canada won't issue digital currency - yet

The Bank of Canada has no plans to issue its own digital currency, but says this could change if cash usage drops off significantly or private options such as the Facebook-backed Libra gain widespread adoption.

MAS blockchain payment project moves into fifth phase

The Monetary Authority of Singapore says it has engaged with more than 40 financial and non-financial firms to determine the commercial viability and value of its blockchain-based prototype for multi-currency payments.

Canada and Singapore central banks use blockchain for cross-border payments

The Bank of Canada and the Monetary Authority of Singapore (MAS) have used distributed ledger technology to send each other central bank digital currencies (CBDCs).

/payments

Singapore Fintech Fest showcases innovations in payments

The Singapore Fintech Festival yesterday played host to a quartet of distinct cross-border and digital currency payment initiatives, drawing in United Overseas bank, Grab, Ripple and the country's central bank.

Reports suggests DLT can enable equity settlement

Payments Canada, the Bank of Canada, TMX Group, Accenture (NYSE: ACN) and R3 have published a report demonstrating the feasibility of clearing and settlement of securities using distributed ledger technology (DLT).

/payments

Bank of Canada asks: Is a cashless society problematic?

If the long-predicted cashless society ever materialises it will be unlikely to cause material system-wide problems, according to a Bank of Canada paper, which nevertheless warns that options such as central bank digital currencies might be needed to tackle operational reliability and contestability issues.

Speech: Bank of Canada's Timothy Lane on decrypting crypto

Some of you here today may have purchased bitcoins or one of the other cryptocurrencies or products that have launched in recent years. I’m not here to give you investment advice about them. Rather, I want to share with you our current thinking about these virtual products.

TMX and Bank of Canada conclude blockchain 'feasible' for securities settlement

Using distributed ledger technology for instantaneous clearing and settlement of securities is "feasible", Canada's central bank and biggest exchange operator have concluded in the wake of a proof-of-concept test.