Timothy Lane: Decrypting "Crypto"

Remarks by Mr Timothy Lane, Deputy Governor of the Bank of Canada, at the Haskayne School of Business, University of Calgary, Calgary, Alberta, 1 October 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction

Good afternoon.

Some of you here today may have purchased bitcoins or one of the other cryptocurrencies or products that have launched in recent years. I'm not here to give you investment advice about them. Rather, I want to share with you our current thinking about these virtual products.