Failed Digital Currency Cost Federal Government Millions

Failed Digital Currency Cost Federal Government Millions
Canadian dollar coins are pictured in a file photo. Jonathan Hayward/The Canadian Press
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The Royal Canadian Mint tried to launch a digital currency venture and failed, losing millions in the process, according to the Crown corporation’s latest annual report.

Figures from that report were released on May 9, and Alex Reeves, a spokesman for the Mint, would not provide details, according to Blacklock’s Reporter.