The popular video app TikTok said on Wednesday it had agreed with Italian authorities to block all users who gave their age as under 13, among other measures, after the death of a 10-year-old girl was blamed on a breath-holding social media challenge.
Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest.
Russia's central bank is finding it hard to identify and take action against illegal foreign exchange dealers, who often don't use publicly accessible websites and accept payment in cryptocurrency.
(Adds Lane comments from Q&A)
OTTAWA, Feb 10 (Reuters) - The COVID-19 pandemic has added urgency to the Bank of Canada’s development of a digital currency and a decision could come sooner than previously thought, a senior policymaker said on Wednesday, though he noted that a launch was not a “foregone conclusion.”
Bank of Canada deputy governor Tim Lane, speaking to a digital intelligence audience, also noted that while the pandemic has boosted cryptocurrencies like Bitcoin, recent prices spikes look like “speculative mania” and said the offerings are not plausible as the currency of the future.
“For several years, the Bank of Canada has been analyzing which circumstances might lead Canada to decide to issue a digital currency. The pandemic may bring us to a decision point sooner than we had anticipated,” said Lane.
The COVID-19 pandemic has added urgency to the Bank of Canada's development of a digital currency and a decision could come sooner than previously thought, a senior policymaker said on Wednesday, though he noted that a launch was not a "foregone conclusion."