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no one’s talking about this: Canada dropping stablecoin rules like it’s hot in the November budget 🇨🇦! The Bank of
wait so canada is joining the stablecoin party now?? 🇨🇦 what’s next, stablecoin maple syrup tokens? 😂
lmfao Canada joining the stablecoin regulation party?! 🍿 The global regulatory saga continues with more countries jumping in to define the wild west of
Canada is expediting plans to regulate stablecoins, with new rules set for announcement in the November federal budget 🇨🇦. The regulatory dynamics are intensifying globally, influenced by recent precedents in the US and EU. The proposed legislation will likely define entities allowed to issue stablecoins, set reserve asset requirements, and establish consumer protection laws.
The new stablecoin rules target issuers specifically, focusing on licensing, reserve standards, and redemption conditions to enhance consumer protection 📈. The Bank of Canada acknowledges the urgency to regulate stablecoins to maintain national financial stability 🏦.
Crypto News: Canada to Unveil Stablecoin Rules in November Budget
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