🇹🇩 Canada Pushes for Stablecoin Rules Amid Global Momentum đŸŒđŸ’±


The Bank of Canada is calling for clear stablecoin regulations, stressing that without them, the country risks falling behind as other nations move forward with crypto frameworks.


🔑 Key takeaways:




Ron Morrow, Executive Director at the BoC, said stablecoins must be “as safe and reliable as money in a bank account” before gaining full recognition.




Federal and provincial regulators are being urged to design a policy framework to ensure both innovation and consumer protection.




While other countries move quickly, Canada is shifting its focus away from CBDCs and instead prioritizing real-time payment systems.




This comes at a time dubbed “Stablecoin Summer”, fueled by the U.S. GENIUS Act and rising global adoption of USD-pegged stablecoins.


👉 Question for you: Do you think Canada should speed up regulation to stay competitive, or focus more on innovation like real-time payments instead?


#Stablecoins #Canada #CryptoRegulation #CBDC