Canada to Regulate Stablecoins, Aligning with U.S. Policy
Canada to Regulate Stablecoins, Aligning with U.S. Policy
Canada is advancing its crypto regulatory framework by bringing fiat-backed stablecoins under its 2025 federal budget, a move that signals alignment with the United States' digital asset policies, including reference to the GENIUS Act.
Canada’s Regulatory Push for Stablecoins
The Canadian government is making significant strides in its approach to cryptocurrency regulation, specifically targeting fiat-backed stablecoins. This initiative, outlined in its 2025 federal budget, aims to establish a robust framework for these digital assets.
This policy shift is intended to harmonize Canada's digital asset regulations with those of the United States, explicitly mentioning the GENIUS Act as a point of reference. While the primary focus is on stablecoins, the broader context of digital asset policy development indicates a strategic move towards a more regulated crypto landscape.
A related reading mentioned within the article highlights discussions around why Bitcoin's price might be experiencing a downturn due to 'OGs selling,' indicating ongoing market dynamics alongside regulatory developments.