How Canadians interact with money – both physical and digital – is changing as financial technology evolves.
Bitcoin may be the most famous cryptocurrency since it emerged in 2009, but it stands far from alone on the financial landscape.
There are hundreds of cryptocurrencies worldwide, which are in essence a medium of exchange like the Canadian dollar that are fully decentralized from the control of governments. Cryptocurrencies are virtual currencies that use encryption to generate and regulate the units of currency across many computers, so they are not issued by a central authority.
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