Bank of Canada when it comes to a central bank-issued digital currency. They say the Bank of Canada’s wait-and-see approach runs the risk of leaving it behind in the race to innovate globally.“Most of the Western world’s innovation in central bank digital currencies is very primitive at this point,” says Alex Tapscott, managing director of alternative asset management firm Ninepoint Partners.A digital currency is any currency that exists exclusively in electronic form.
Bitcoin is perhaps the world’s most well-known. But Bitcoin is a decentralized cryptocurrency, meaning it isn’t controlled by a single entity.
A central bank digital currency on the other hand, would be issued and managed by a central bank. Bitcoin’s fossil fuel use.