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Bank of Canada senior deputy governor Carolyn Wilkins is pouring cold water on rumours that the central bank is developing its own cryptocurrency.

In a speech in Calgary Friday, Wilkins reiterated that the digital currency CAD-Coin the Bank of Canada said it was experimenting with Thursday is only a prototype for how large transactions between banks might be settled in the future. Anyone looking forward to the central bank issuing a digital currency for public use like Bitcoin or Ether should be prepared to wait a long time, she said.

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“I think we’re very far off,” she said. “Our priority is to see upgrades made to the core payment systems that the financial system relies on and that the Bank oversees.”

On Thursday, a person attending a panel discussion at Calgary’s Payments Panorama conference tweeted a slide from a presentation on a Bank of Canada experiment. The slide revealed the Bank of Canada was exploring how distributed ledger technology could be used to make payment settlement between banks more efficient and secure.