Canada pivots to stablecoins as cornerstone of its digital payments reform

The Bank of Canada will oversee the framework, allocating CA$10 million initially and CA$5 million annually. The Retail Payment Activities Act will be amended to include stablecoin-related payment services. Canada’s reforms align with similar regulatory frameworks in the UK, EU and Australia source: https://coinjournal.net/news/canada-pivots-to-stablecoins-as-cornerstone-of-its-digital-payments-reform/