Canada opens consultation on draft stablecoin rules, maintains ban on yields

Policy, Regulation, Stablecoins, stablecoin yield, News Under the draft rules, non-bank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within three business days. Under the draft rules, non-bank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within three business days. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

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