Canada lags with stablecoin approach, but there’s room to catch up

Stablecorp Closes Strategic Funding

Stablecorp, a Toronto, Canada-based fintech firm and digital money infrastructure provider, raised USD 1.8M in strategic growth capital. Backers included Coinbase Ventures, Side Door Ventures and other existing investors. The company intends to use the funds to enhance the feature set and structure of QCAD and its associated digital money infrastructure. Stablecorp is a fintech firm building digital […] The post Stablecorp Closes Strategic Fundi…

How Canada Can Improve and Catch Up with Stablecoin Adoption

Canada is falling behind in the adoption of stablecoins compared to other countries that have already embraced this technology. Stablecoins are digital assets pegged to a stable asset such as a fiat currency. They offer the benefits of cryptocurrencies like speed and security while minimizing price volatility. Stablecoins have gained popularity globally, but Canada has been slow to incorporate them into its financial system. This delay could be …

Canada lags with stablecoin approach, but there’s room to catch up

Canada’s stablecoin industry may find an ally in PM Mark Carney, who has expressed openness to stablecoins as the industry looks to grow.

Canada 'got it wrong' labeling stablecoins securities — NDAX exec

Source: Coin Tegraph Tanim Rasul, chief operating officer at Canadian crypto exchange NDAX, said Canada “got it wrong” categorizing stablecoins as securities in 2022, and the country needs to realize that every other regulatory regime is looking at stablecoins as payment instruments. Rasul made the remarks during a panel on May 13 at the Blockchain Futurist Conference in Toronto, pointing to Europe’s crypto regulatory framework as a model for Ca…

Canada 'got it wrong' labeling stablecoins securities — NDAX exec - WorldNL Magazine

Canada categorized stablecoins as securities and/or derivatives in December 2022, a month after the collapse of cryptocurrency exchange FTX. Tanim Rasul, chief operating officer at Canadian crypto exchange NDAX, said Canada “got it wrong” categorizing stablecoins as securities in 2022, and the country needs to realize that every other regulatory regime is looking at stablecoins as payment instruments.Rasul made the remarks during a panel on May …

Canada 'got it wrong' labeling stablecoins securities

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