Central banks are keeping a close eye on it, so I think we’ve crossed the ‘remotely plausible’ line: “Earlier this year, Deputy Governor Tim Lane spoke about t

Central banks are keeping a close eye on it, so I think we’ve crossed the ‘remotely plausible’ line: “Earlier this year, Deputy Governor Tim Lane spoke about the circumstances when it might make sense for the Bank of Canada to issue our own digital currency. This includes a situation in which most Canadians stopped using bank notes. We don’t believe that a digital currency is required at this time. But we are moving forward with contingency planning so that if we ever judged that we should issue a digital currency, we would be ready.” (https://www.bankofcanada.ca/2020/06/opening-statement-160620/ https://www.bankofcanada.ca/2020/06/opening-statement-160620...)