Bank of Canada

42 results about this company

Activity on Finextra: 08 Mar 2010 - 19 Sep 2023

/crypto

Sibos 2023: Can CBDC replace cash?

At Sibos 2023 in Toronto, EY’s Christopher Woolard chaired a session on how digital currencies have made a big splash over the past few years and questioned whether they will be merely a drop in the ocean.

/security

Bank of Canada explores impact of quantum computing on CBDCs

The Bank of Canada has called in local specialist evolutionQ for a research project involving quantum-safe cybersecurity technologies for greenfield digital currencies.

/crypto

Survey suggests industry divided on CBDCs

The majority of finance professionals do not support the launch of central banking digital currencies (CBDCs) according to recently published research.

/payments

Bank of Canada launches public consultations on a digital dollar

The Bank of Canada is launching an online public consultation on the features that could be included in a digital Canadian dollar.

/regulation

Payments Canada Summit: Bank of Canada's Morrow on supervising PSPs

As the Bank of Canada prepares to assume responsibility for supervising the country’s 2500 payment service providers, Finextra spoke to Ron Morrow, the bank’s executive director of supervision.

/payments

Offline CBDC could boost financial inclusion and privacy - Bank of Canada

An offline CBDC could offer a compliment to cash that would boost financial inclusion and preserve privacy, suggests a note from the Bank of Canada.

/crypto

Canadian conservative leadership contender vows to kill CBDC

The leading candidate to become Canada's opposition leader says he would ban the country's central bank from issuing a CBDC.

/crypto

Bank of Canada partners MIT on CBDC research

The Bank of Canada has teamed up with the Massachusetts Institute of Technology on a twelve-month research project on central bank digital currencies.

/wholesale

Canada's high-value payment system launches

Payments Canada has launched Lynx, the country's new high-value payment system, which has been built with technology partners IBM and SIA.

/crypto

Pandemic accelerates Bank of Canada's CBDC work

The Bank of Canada has accelerated work on a central bank digital currency (CBDC) in response to Covid-19 and its impact on cash usage, says a senior official who nevertheless cautions that a digital loonie is still not a "forgone conclusion".

/people

Bank of Canada advertises for digital currencies economist

The Bank of Canada is looking to hire an economist focused on digital currencies and financial technologies as it continues to build up its expertise ahead of any possible CBDC implementation.

/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).