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Iran Warns of “Severe” Retaliation Amid Escalating Tensions

               Iran threatens ‘harsh, regrettable’ response to any aggression after claiming full-scale war with the US, Israe l. Iran has issued a sharp warning that any act of aggression against the country will trigger a “harsh” and “regret‑inducing” response, signaling a hardening stance as regional tensions continue to rise. President Masoud Pezeshkian delivered the message publicly, stressing that Iran will not hesitate to defend itself against external threats. The warning followed renewed statements from U.S. leadership suggesting that Washington would respond forcefully if Iran attempts to rebuild elements of its missile or nuclear programs. Iranian officials quickly pushed back, accusing the United States of escalating rhetoric and attempting to intimidate the country. Senior advisers in Tehran echoed the president’s remarks, emphasizing that Iran views any military strike or covert action as a direct attack on its sovereignty. T...
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How the Bank of Canada envisions a digital dollar



The Bank of Canada has revealed some details about its potential digital currency, which would be a digital version of the Canadian dollar. The central bank has been researching the idea of a digital currency for several years, but has not yet decided whether to launch one.

According to a presentation by the bank’s deputy governor Timothy Lane, the digital currency would not pay interest or require identification from users. This would make it different from bank deposits, which pay interest and require verification, and cash, which does not pay interest but is anonymous.

The bank says that a digital currency would have several benefits, such as improving financial inclusion, reducing the use of cash, and enhancing the resilience and efficiency of the payment system. It would also give the bank more control over the money supply and potentially enable new monetary policy tools.

However, there are also challenges and risks associated with a digital currency, such as privacy and security issues, legal and regulatory implications, and the impact on the banking sector and the economy. The bank says that it is consulting with various stakeholders, including the public, to assess the pros and cons of a digital currency.

The bank has not yet announced a timeline for launching a digital currency, but says that it will be ready to do so if the need arises. The bank says that it will continue to monitor the developments of other central banks and private sector initiatives, such as cryptocurrencies and stablecoins, that could affect the demand for a digital currency.

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