Tiff Maklem: "Global coordination is needed to launch government digital currencies"

Canadian manager Tyff Maclem (Tiff Macklem) told, that the regulator works with the central banks of the countries of the Big Seven (G7) As part of the development of state digital currency.

Maclem emphasized, that when creating state cryptocurrencies a "global and coordinated approach" is necessary, To prevent the use of such financial instruments for criminal purposes. Currently, the Canadian Bank has already worked out evidence of the concept (PoC) and ready for the full development of digital currency, although, According to McLem, Now there is no need for this asset.

“If another state has such an asset, And we do not, then it really can bring problems. Therefore, we want to be sure, What are ready to launch digital currency. Currencies move between the borders and we definitely do not want to get an unpleasant surprise from another country. And it is very important to exchange information about that, what each of us is doing, What is planning. It is necessary to coordinate actions ", - emphasized the manager of the Central Bank of Canada.

Interesting, that the report of Canada, issued in early October, talks about, that state cryptocurrencies carry more risks, than advantages.