Bank of Canada Proposes Stablecoin Regulation Framework
The post Bank of Canada Proposes Stablecoin Regulation Framework appeared on BitcoinEthereumNews.com. Key Points:The Bank of Canada seeks a regulatory framework for stablecoins.The aim is to align with international standards for safety and stability.No significant market reaction observed following the announcement. The Bank of Canada, represented by Ron Morrow, urged a stablecoin regulatory framework on September 19, 2025, at the Chartered Professional Accountants Conference in Ottawa. This move aligns Canada with global trends, emphasizing consumer safety and stablecoin stability, but no immediate market impact has been observed. Global Impact of Canada’s Regulatory Framework Proposal The Bank of Canada has called for regulatory measures to ensure that stablecoins possess the same safety and stability as bank accounts. Ron Morrow, the Executive Director of Payments, emphasized this at the Chartered Professional Accountants Conference, reflecting growing global consensus. Immediate regulatory alignment with global norms is the key focus, aiming to tackle consumer risks and avoid credit and liquidity issues. Countries worldwide have launched similar frameworks, with stablecoin use typically decreasing in the short term, then shifting towards compliance. “Even if you are on the right track, stagnation will be surpassed. For stablecoins to be considered currency, they must be as safe and stable as bank account balances. Governments are strengthening their regulation of cryptocurrencies such as stablecoins to benefit consumers and avoid credit and liquidity risks. In fact, many jurisdictions around the world have already introduced or are about to introduce regulatory frameworks for crypto assets.” – Ron Morrow, Executive Director of Payments and Other Affairs, Bank of Canada Market Reactions and Future Projections Did you know? In 2025, Canada follows the footsteps of the EU’s MiCA, reflecting a broader trend of regulatory developments to ensure stablecoins align with existing financial safety standards. Ethereum’s (ETH) current value of $4,602.98 reflects a 4.71% uptick over 24 hours, as noted by CoinMarketCap. Despite a 28.72% slump in…
The post Bank of Canada Proposes Stablecoin Regulation Framework appeared on BitcoinEthereumNews.com.
Key Points:The Bank of Canada seeks a regulatory framework for stablecoins.The aim is to align with international standards for safety and stability.No significant market reaction observed following the announcement. The Bank of Canada, represented by Ron Morrow, urged a stablecoin regulatory framework on September 19, 2025, at the Chartered Professional Accountants Conference in Ottawa. This move aligns Canada with global trends, emphasizing consumer safety and stablecoin stability, but no immediate market impact has been observed. Global Impact of Canada’s Regulatory Framework Proposal The Bank of Canada has called for regulatory measures to ensure that stablecoins possess the same safety and stability as bank accounts. Ron Morrow, the Executive Director of Payments, emphasized this at the Chartered Professional Accountants Conference, reflecting growing global consensus. Immediate regulatory alignment with global norms is the key focus, aiming to tackle consumer risks and avoid credit and liquidity issues. Countries worldwide have launched similar frameworks, with stablecoin use typically decreasing in the short term, then shifting towards compliance. “Even if you are on the right track, stagnation will be surpassed. For stablecoins to be considered currency, they must be as safe and stable as bank account balances. Governments are strengthening their regulation of cryptocurrencies such as stablecoins to benefit consumers and avoid credit and liquidity risks. In fact, many jurisdictions around the world have already introduced or are about to introduce regulatory frameworks for crypto assets.” – Ron Morrow, Executive Director of Payments and Other Affairs, Bank of Canada Market Reactions and Future Projections Did you know? In 2025, Canada follows the footsteps of the EU’s MiCA, reflecting a broader trend of regulatory developments to ensure stablecoins align with existing financial safety standards. Ethereum’s (ETH) current value of $4,602.98 reflects a 4.71% uptick over 24 hours, as noted by CoinMarketCap. Despite a 28.72% slump in…
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