Canada Sets Stablecoin Rules, Prioritizing Safety
Update: 2025-12-17
Description
Canadas central bank is setting clear rules for stablecoins, aiming to ensure they are reliable and secure. The Bank of Canada will only approve stablecoins backed by real-world money and held in high-quality assets. New stablecoin regulations are expected by 2026, with a focus on trustworthiness and stability. Canada has decided against issuing its own central bank digital currency, instead focusing on regulating private stablecoins and improving existing payment systems.
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