Canada Needs a Loonie-Linked Digital Currency, Policy Experts Say

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Such a feat by the Bank of Canada would require any potential stablecoins to be nicely designed and controlled to make them enticing to Canadians, Zelmer and Kronick wrote. The digital forex must also be issued in token type, with decentralized know-how for settling transactions, permitting Canadians to retain many of the advantages of a paper forex, the authors added.