Internal Finance Department documents show officials have deep concerns about the effect of FacebookB次元官网网址檚 planned digital currency on CanadaB次元官网网址檚 financial stability.

Officials wrote in the briefing note last summer that they believed the company had yet to address multiple concerns and risks its digital currency posed to the financial system.

The July briefing note, obtained by The Canadian Press under the Access to Information Act, also says the government was working on options to ease the risks.

Officials appeared less concerned about rivals like Bitcoin, which the briefing note says has not played a large role in everyday transactions in Canada for various reasons.

Unlike Bitcoin, FacebookB次元官网网址檚 offering would be a B次元官网网址渟tablecoinB次元官网网址� whose value would be less volatile, and could be easily used by hundreds of millions of the social media giantB次元官网网址檚 users upon release.

The ease of use and stability of value are among the reasons governments and central banks like the Bank of Canada have taken a keen interest in the currency.

The Canadian Press

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