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Further Discussions => Banks & Cryptos => Topic started by: Dociko on October 07, 2020, 07:25:10 AM

Title: Bank of Canada calls central bank digital currencies risky, especially storage
Post by: Dociko on October 07, 2020, 07:25:10 AM

Is risk in the eye of the beholder? Canada's central bank, the Bank of Canada, recently put out a report on the risks and benefits of a central bank digital currency.

"An anonymous token-based central bank digital currency (CBDC) would pose particular security risks," the Bank of Canada wrote in its Oct. 5 report. "These risks arise from how balances are aggregated and stored, how CBDC is used for transactions, and how various solutions such as e-wallets, crypto exchanges and banks compete to attract users."
Details: https://cointelegraph.com/news/bank-of-canada-calls-central-bank-digital-currencies-risky-especially-storage