defi ·
Canada opens consultation on stablecoins, citing US GENIUS Act framework
The Canadian government has initiated a public consultation regarding a proposed framework for tokens issued by entities outside the financial sector.
This action is connected to the potential enactment of Canada's Stablecoin Act.
The consultation seeks input on the regulatory approach for these specific types of tokens.
This development follows the context of the US GENIUS Act.
The regulatory body is seeking broad feedback before finalizing the framework.
This signals a proactive regulatory posture by Canadian authorities concerning digital assets.
This move aligns with a broader trend of jurisdictions establishing clearer governance structures for stablecoins.
Reported by CoinTelegraph.
Topics: defi, regulation.
