Canada’s Stablecoin Rules Can Help Modernize Digital Cash, Says Scotiabank, a...
Quick Facts: ➡️ Canada’s stablecoin framework is shaping up as a payments upgrade, tightening rules for digital cash while leaving application-layer crypto projects more room to innovate. ➡️ As stablecoins become more regulated, value may shift to platforms that use them as neutral payment rails for content, AI agents, and communities. ➡️ The SUBBD platform […]
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In a revelation on Wednesday, the Bank of Canada – Canada’s central bank – said that it is developing a digital currency called CAD-Coin, in collaboration with Canadian banks and New York-based blockchain startup R3. In a private presentation during the payments industry conference Payments Panorama in Calgary, the Bank of Canada revealed it is developing a digital equivalent of the Canadian dollar called CAD-Coin. Five of the biggest Canadian banks – Bank of Montreal, Canadian Imperial Bank of Commerce (CIBC), RBC, Toronto-Dominion Bank and Scotiabank are revealed to be participants, by....
The US Securities and Exchange Commission (SEC) will enhance the regulatory framework for derivatives use by registered investment companies after passing a vote to either change or amend existing rules. As part of the new framework–which covers mutual funds, exchange-traded funds (ETFs), and closed-end funds–operators must undertake to implement a written derivatives risk management program. A Modern Approach to Derivatives Regulation The rule changes, which open the doors for more leveraged ETFs, will also permit a fund to enter into reverse repurchase agreements and similar....
The Bank of Canada suggested that a Canadian CBDC could provide a number of innovations, including the elimination of transaction fees from debit and credit cards. A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central Bank Digital Currency, or CBDC.The document laid out two scenarios that might result in the bank issuing a CBDC at some future date. One would be if citizens were no longer widely using cash within the country for reasons that were left unspecified. The other could be if a....
An undercover investigation revealed that both registered and unregistered crypto platforms in Canada have exploited the country’s regulatory loopholes and facilitated violations of Anti-Money Laundering (AML) rules. Related Reading: Japan Signals Big Shift: FSA Set To Classify Crypto As Financial Products Canada’s Crypto-Cash Service Compliance Concerns On Monday, CBC News shared a joint investigation with […]
The Bank of England (BOE) is reportedly softening its stance toward digital assets with a potential exemption to a controversial policy that would establish stricter stablecoin rules for the UK market. Related Reading: EU Plans Transfer Of Crypto, Stocks Oversight Power To Address Market Fragmentation – ESMA Chair BOE Plans Stablecoin Cap Exemption On Tuesday, […]