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| Bank of Canada releases white paper on merits of creating digital currency In a research paper released by the central bank Thursday, report authors Walter Engert and Ben Fung said there are merits to creating a central bank digital currency as society starts to move away from cash, and the bank's potential to reap profits off issuing that cash could be threatened. The report ...
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| What is bitcoin? A look at the digital currency Bitcoin, the world's most popular virtual currency, allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. It has a fuzzy history, having been used by hackers to demand ransom and for the purchase of illegal drugs online.
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Fed's Quarles warns that digital currencies like bitcoin pose 'serious financial stability issues' as ... Cryptocurrencies operate through a technology called blockchain that allows users to exchange the currency across cyberchannels. The technology has been deemed important to the banking industry by CEOs like JPMorgan Chase's Jamie Dimon, who nonetheless has been critical of bitcoin and its ...
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| Currencies on the move Financial Times foreign exchange correspondent Roger Blitz talks to experts on the currencies market about the week ahead, looking at the global political ... Roger Blitz discusses the impact on the currency markets of signs of Brexit breakthroughs and movement on US tax cuts with Richard Benson of ...
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