stablecoin regulations
Canada is initiating steps toward establishing regulations for stablecoins, aiming to create a framework for their use and oversight in the financial system. The Canadian government recognizes the growing significance of stablecoins in the digital economy and seeks to ensure consumer protection and financial stability. As part of this effort, consultations with stakeholders in the financial sector will be conducted to gather insights and recommendations. The proposed regulations will address various aspects, including the issuance, management, and use of stablecoins, to mitigate potential risks associated with their adoption. This move reflects a broader trend among countries to regulate digital currencies and integrate them into existing financial systems.
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