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Canada’s draft stablecoin rules shut out yield and route reserves through the banks

Canada’s draft stablecoin rules shut out yield and route reserves through the banks

Photo: Cryptopolitan

Canada has moved to give Canadian banks a prominent role in its latest draft stablecoin regulations, backing the banks’ push for bans on stablecoin yields, while mandating non-bank issuers to park their reserves inside those same banks. The document published in the Canada Gazette landed barely three days after the Office of the Comptroller of...

Source: Cryptopolitan

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