While a digital national currency does have the potential to mitigate key financial issues, we cannot ignore the democratic risks such a currency could introduce without safeguards.
Wouldn’t that mean there would be added fees, no insurance for loss, etc.?
Whatever it ends up being, they really need to make a very clear definition of what exactly this is, and how it differs from traditional banking.
There’s no way the majority of the population, especially first generation immigrants to this country, would understand what the hell a “digital Canadian dollar” is.
I see a lot of opportunities for abusing people’s naivety on this one.
Wouldn’t that mean there would be added fees, no insurance for loss, etc.?
Whatever it ends up being, they really need to make a very clear definition of what exactly this is, and how it differs from traditional banking.
There’s no way the majority of the population, especially first generation immigrants to this country, would understand what the hell a “digital Canadian dollar” is.
I see a lot of opportunities for abusing people’s naivety on this one.