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Eric Lombardi: Bank of Canada digital currency not needed, focus should be on Open Banking

Eric Lombardi: Bank of Canada digital currency not needed, focus should be on Open Banking
Canada urged to focus on Open Banking

Eric Lombardi argues that Canada does not need a digital currency issued by the Bank of Canada and suggests that the government should instead prioritize initiatives like Open Banking.

He points out that stablecoin businesses are already operating in Canada and Ontario, and calls for the Ontario Securities Commission to take action.

Lombardi has previously focused on broader economic strategy. In an earlier article, he called for an export-led economy built on specialized products and intellectual property. His recent comments on digital currency follow this theme of targeting specific policy initiatives.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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