Bank of Canada Says Crypto Price Volatility is an “Obstacle”

Reading Time: 2 minutes Bank of Canada blames cryptocurrency’s extreme price volatility as the obstacle hindering the assets from being accepted as a payment method. Bank of Canada is developing its own CBDC to use if the need emerges. The US will release a research paper this summer that explores moves toward a CBDC. Cryptocurrency is no stranger to extreme price volatility, 50% price correction and 10x gains are more than frequent. In fact, it is this sharp volatility that creates unique and unparalleled opportunities for profit, as well as the possibility of huge losses if not invested with great caution. The latest authorization
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