OTTAWA – The Bank of Canada says it’s weighing the possible benefits of issuing electronic money.

Senior deputy governor Carolyn Wilkins says the central bank is evaluating the merits of digital currencies like Bitcoin – even as it monitors e-money’s potential pitfalls.

In prepared remarks for her speech Thursday in Waterloo, Ont., Wilkins says people who use e-money need to be aware of the risks of putting their trust in a lightly regulated currency with limited or no user protection.

via Bank of Canada considering ‘potential merits’ of issuing electronic money – National |