Canada’s new stablecoin rules; OCC wants US banks to issue stables
Photo: CoinGeek
By Steven Stradbrooke . Senior writer covering all things blockchain, with a focus on regulatory, legislative and policy developments. TL;DR: Canada has released its proposed stablecoin rules, America’s banking regulator wants community banks to issue their own stablecoins, and a U.S. senator wants answers re Tether ’s allegedly under-the-table D.C. lobbying. Canada’s Department of Finance released its proposed stablecoin regulations on October 24, opening a 60-day comment period for the rules that are slated to take effect in “fall 2027.” The release follows last year’s pledge to amend Canada’s Retail Payment Activities Act to “enable the regulation of payment service…
Source: CoinGeek
