And third, when penalty pricing is not possible, we will ensure that our programs are appropriately structured, both in terms of size and duration. We will set a pre-  5 The Bank of Canada carries out market operations with a designated set of primary dealers.
Even in this increasingly digital economy, though, cryptocurrencies such as bitcoin do not have a plausible claim to become the money of the future. They are deeply flawed as methods of payment—except for illicit transactions like money laundering, where anonymity trumps all other features—because they rely on costly verification methods and their purchasing power is wildly unstable.