Department of Finance Publishes Draft Stablecoin Regulations

Koker Christensen and Isabelle Savoie of Fasken review Canada's proposed federal stablecoin regulations, outlining new requirements for issuer registration, redemption rights, asset reserves, risk management and regulatory oversight by the Bank of Canada, while considering provisions designed to protect stablecoin holders and safeguard customer funds in the event of an issuer's or payment service provider's insolvency.

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