Bank of Canada: Blockchain Not More Effective Than Central Bank System ‘at This Time’

More from: | CoinTelegraph |

A Bank of Canada (BoC) official questioned the effectiveness and security of using blockchain tech for banking at a conference in South Korea today, June 14, according to local reports.

As part of a presentation at the 2018 G20 Global Financial Stability Conference in Seoul, James Chapman, senior research director at the BoC’s funds management and banking department, also called cryptocurrency assets “a new opportunity and a threat to the financial market.”

Chapman was updating the audience on the BoC’s


Read full article »

About | CoinTelegraph |

Cointelegraph is a completely independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen web. We offer the latest news, prices, breakthroughs and analysis with emphasis on expert opinion and commentary from the digital currency community.

»Twitter: @cointelegraph »Facebook: @cointelegraph »YouTube: Cointelegraph