Stablecoins Complement Canada’s Banking Plans

[cryptohog]

The Bank of Canada’s stablecoin regulations align with initiatives like the “Real-Time Rail” payment system and open banking framework. While Canada abandoned plans for a central bank digital currency, officials see stablecoins as a way to modernize the financial system and encourage secure innovation.

[Abdul Khan]

Clear rules can help protect users while supporting innovation.

[Nahid Hossen]

Consumer protection is essential for long-term stablecoin adoption.

[Nahid Hossen]

Future-proofing blockchains is no longer optional.