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Digital Rights Groups Demand Congress Investigate Google Crypto Plans

US central bank to study Facebook virtual currency Libra

The Libra coin plan, backed by financial and nonprofit partners, represents an ambitious new initiative for the world s biggest social network.

U of T researchers help lay groundwork for Bank of Canada-backed digital loonie

Engineering U of T researchers help lay groundwork for Bank of Canada-backed “digital loonie” (photo by GEOFF ROBINS/AFP via Getty Images) How much longer will Canadians want – or be able – to use physical cash? Could a digital currency such as Facebook’s Diem Coin or Bitcoin make the Canadian dollar obsolete? While the central bank has no plans to issue a digital currency, it is nevertheless conducting research on digital money. Last year, it tapped the expertise of universities by launching a competition that asks experts to propose a system architecture and business plan for a Canadian digital currency.

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