Government regulation needed for digital currencies to remain secure – paper
Canadian paper draws historical comparison between banknotes and digital currencies
A working paper published by the Bank of Canada has drawn striking parallels between the country's historic experience with privately-issued and government-issued banknotes and digital currencies.
By comparing competing public and private currencies, authors Ben Fung, Scott Hendry and Warren Weber seek to understand what might happen as various groups – including central banks – attempt to introduce digital currencies.
"We conclude that well designed and managed private digital currencies
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