Bank of Canada's Official: Crypto Needs Regulation Before It Becomes 'a Lot Larger' – Regulation Bitcoin News

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Bank of Canada's Official: Crypto Needs Regulation Before It Becomes 'a Lot Larger' – Regulation Bitcoin News
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'We don't want to wait until it gets a lot larger before we bring regulatory controls in place,' said the senior deputy governor of the Bank of Canada. crypto cryptocurrency bitcoin $BTC

Bank of Canada’s senior deputy governor says the central bank does not want to wait until crypto “gets a lot larger” before it brings regulatory controls in place. “This is an area that is still small, but it’s growing really rapidly,” the official said.Bank of Canada Senior Deputy Governor Carolyn Rogers talked about cryptocurrency regulation in an interview with Reuters Thursday.

According to Canada’s central bank, the share of Canadians who own bitcoin more than doubled to 13% in 2021 from 5% in 2020.

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