You are here
Canada experiments with digital dollar on blockchain
By Phillip Stafford
Financial Times, London
Thursday, June 16, 2016
Canada is experimenting with putting a digital version of its currency on the blockchain, the distributed-ledger technology that underpins the cryptocurrency bitcoin.
The move to put a government-backed currency on blockchain and integrate it into the daily operations of a major central bank would mark a significant advance for the emerging technology.
The Bank of Canada revealed it was developing the CAD-Coin, a digital version of the Canadian dollar, in a private presentation in Calgary on Wednesday.
According to slides seen by the Financial Times, the initiative will involve issuing, transferring, and settling central bank assets on a distributed ledger. It is codenamed Project Jasper and is being carried out in conjunction with several of Canada's biggest banks, including Royal Bank of Canada, CIBC and TD Bank, as well as Payments Canada. The central bank is expected to reveal more details on Friday. ...
... For the remainder of the report:
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.
Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.
Crucial guides to storage in Singapore and Switzerland can be read here:
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at firstname.lastname@example.org or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at: http://www.goldcore.com
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: