“The official from the Department of Finance, who was not named in the article, went on to say the federal government and Canadian regulators would ‘continue to monitor developments involving virtual currencies’ but would not say whether the government would officially license fiat-to-digital currency exchanges in future.  The WSJ report also quoted a Bank of Canada official as saying regulators would take a greater interest in bitcoin if it became large enough to pose a risk to the stability of the Canadian financial system, but would be less concerned if it remained a smaller, stand-alone payment system.”

http://www.coindesk.com/bitcoin-not-legal-tender-canada-government-official/

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