Electronic money has potential risk for the whole financial system.
Electronic money has potential risk for the whole financial system. That’s the warning from the Bank of Canada’s senior governor Carolyn Wilkins who says that e-money payments are unregulated and offer no consumer protection. The BoC is investigating payments systems including the increasingly popular digital currencies like Bitcoin. Wilkins warns that there’s a risk that people may amass such currency and be unable to spend it.
