Cointelegraph says Canada will require stablecoin issuers to maintain 1:1 reserves, register with the Bank of Canada, and redeem at par, reinforcing a global trend toward bank-like oversight for stablecoins.
🇨🇦 NOW: Canada's new stablecoin framework will require issuers to maintain 1:1 reserves, register with the Bank of Canada, and offer at-par redemption.
Full regulations expected to come into force in 2027.
Canada's new stablecoin framework will require issuers to maintain 1:1 reserves, register with the Bank of Canada, and offer at-par redemption.
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