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The Bank of Canada is ‘scaling down’ plans for a possible digital loonie - National | Globalnews.ca

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Summary
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73% Informative

The Bank of Canada has been studying what a digital version of the loonie may look like as cryptocurrencies like Bitcoin garnered more mainstream attention.

Governor Tiff Macklem said the central bank has built up “an extensive body of knowledge” about what it would take to implement a central bank digital currency in Canada .

But, for now, the bank is shifting away from preparations for such a plan.

VR Score

81

Informative language

84

Neutral language

52

Article tone

formal

Language

English

Language complexity

70

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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