Canada to Introduce Stablecoin Regulations, Aligning with US Standards
Canada to Introduce Stablecoin Regulations, Aligning with US Standards
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Canada's government has announced its intention to regulate stablecoins, mandating that issuers of fiat-backed stablecoins maintain adequate reserves and implement strong risk management frameworks. This move follows similar regulatory discussions and actions observed in the United States.
Canada’s government unveiled a plan to regulate stablecoins, requiring fiat-backed issuers to maintain sufficient reserves and adopt robust risk management measures.