The BoC is developing the capability of issuing central bank digital currency, writes Gustavo Indart. All that’s needed to get things going is political will.
The collapse of Silicon Valley Bank (SVB), the closing of Signature Bank, and the takeover of Credit Suisse, are all recent events that suggest that deposit insurance schemes and tight regulations are not always sufficient to prevent bank runs.
Read more here: https://www.thestar.com/business/opinion/2023/04/29/why-a-bank-of-canada-digital-dollar-would-put-an-end-to-bank-run-crises.html
