Bank of Canada May Be Accelerating Digital Currency Plans The pandemic is apparently forcing the Bank of Canada to rethink its timeline for a central bank digital currency, according to Timothy Lane. In brief The Bank of Canada said earlier this year it wasn’t planning to implement a digital currency any time soon. The bank planned to develop one only as a contingency, should the need arise. Now, Timothy Lane, a deputy governor of the Bank, says the pandemic may have accelerated some of the necessary preconditions for a potential CBDC. By Will Gottsegen Join Now @breakingbitcoin 122 views23:37
