Surveillance and Vulnerability: Report Outlines Risks of Digital Currencies

Surveillance and Vulnerability: Report Outlines Risks of Digital Currencies
People pass the Bank of Canada building on Wellington Street in Ottawa on May 31, 2022. The Canadian Press/Justin Tang
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A central bank-issued digital currency could be misused in several ways, including loss of privacy and increased surveillance, a new report says.

The report by the Justice Centre for Constitutional Freedoms (JCCF), a Canadian legal advocacy organization, outlines the risks if Ottawa introduced its own government-controlled digital currency and Canada transitioned into a cashless economy.