Canada’s Central Bank Pushes For Strong Reserve Backing For Stablecoins
The Bank of Canada is pushing for stricter regulations on stablecoins, requiring full backing by high-quality liquid assets and a 1:1 peg with fiat currency.
Bank of Canada
Bank of Canada lays out criteria for ‘good money’ stablecoins
Analysis of the Bank of Canada’s criteria for approving stablecoins, focusing on the implications for the crypto landscape and the definition of “good money.”