- Cryptocurrencies like Bitcoin do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada deputy governor Paul Beaudry.
- Canada has also been a popular spot for global crypto miners, ranking the fourth-largest nation in terms of hash rate according to Cambridge Bitcoin Electricity Consumption Index as of August 2021.
- Despite progressive crypto development and adoption, the Bank of Canada has expressed some skepticism about crypto before.
[Via]
