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Bank of Canada says Canada should weigh merits of stablecoin regulation
The Bank of Canada said on Thursday that Canada should consider the merits of stablecoin regulation and said it wanted the federal and provincial authorities to work together and quickly to help advance payment regulatory frameworks. "Canada should... weigh the merits of federal stablecoin regulation, similar to what other countries have done," said Ron Morrow, the executive director of payments, supervision and oversight at the BoC. He was addressing a conference in Ottawa. Morrow said the use of digital assets was growing, primarily led by the use of stablecoins which are not as volatile as bitcoin and whose ... (full story)
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