Canada Eyes New Laws as Crypto Payments Gain Ground

🇨🇦 Crypto payments could soon face fresh regulation in Canada, according to Carolyn Rogers of the Bank of Canada. As digital assets like $BTC , $ETH , and $XRP gain traction as payment methods, lawmakers may need to draft new legislation to safeguard consumers.

This move aligns with Canada’s broader agenda to modernize its payment systems and strengthen oversight of emerging fintech solutions.

While the country is still exploring the possibility of a digital dollar, no official decision has been made. For now, crypto remains under the scope of provincial securities laws and the Retail Payment Activities Act.

With crypto's role in everyday transactions growing, Canada may be laying the groundwork for a more crypto-integrated financial future.

#CryptoNews #Canada #BinanceSquare #Bitcoin #Ethereum #XRP #CBDC #Fintech