The Liberal government is committing to roll out new legislation to ensure some digital currencies are secure and stable enough for consumers and businesses to use.
The initiative announced in the 2025 budget is part of the government’s payments modernization plan that it says will “deliver more secure innovative payments for Canadians.”
The budget said the forthcoming legislation will require issuers of stablecoins, a type of cryptocurrency that is backed by real currencies or commodities like gold, to maintain asset reserves to
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