Canada Proposes Stablecoin Rules with 1% Fee Cap and No Yield

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Canada Proposes Stablecoin Rules with 1% Fee Cap and No Yield
Canada has opened a 60-day consultation on draft stablecoin rules requiring one-to-one reserves and fast redemption, while banning interest payments to holders. The proposals outline reserve asset requirements, consumer protections, and regulatory oversight.
Why it matters: These rules aim to create a comprehensive framework for stablecoins in Canada, influencing how they are issued and managed.
Sources: Bitcoin.com News · Decrypt

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