Bank of Canada Moves into Stablecoins

The Bank of Canada is preparing to oversee Canadian-dollar stablecoins—digital tokens backed by cash or government securities and redeemable at par—marking a significant shift in how digital payments intersect with monetary policy. Though privately issued, these stablecoins would operate within a central-bank-regulated framework aimed at maintaining financial stability and protecting the role of the Canadian dollar in an increasingly digital economy. #bankofcanada #stablecoin #canadianeconomy Links: Money you can count on / De l’argent sur lequel vous pouvez compter:    • Money you can count on / De l’argent sur l...   Bank of Canada wants stablecoins to be backed by high-quality liquid assets: https://www.reuters.com/business/bank... Canada Approves Budget That Advances Policy for Stablecoins: https://ca.finance.yahoo.com/news/can... Canada unveils draft Stablecoin Act to regulate fiat-backed digital assets: https://www.lexpert.ca/news/legal-ins... It’s time for Canada to take control of stablecoins: https://cdhowe.org/publication/its-ti... III. The next-generation monetary and financial system: https://www.bis.org/publ/arpdf/ar2025... From hype to hazard: what stablecoins mean for Europe: https://www.ecb.europa.eu/press/blog/... Macklem emphasizes need for ‘good’ money as BoC set to regulate stablecoins: https://www.theglobeandmail.com/busin... Stablecoins and Their Risks to Financial Stability: https://www.bankofcanada.ca/2022/11/s... Consumers’ Awareness, Use and Understanding of Stablecoins: https://www.canada.ca/en/financial-co... Stablecoins: risks, potential and regulation: https://www.bis.org/publ/work905.pdf Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) [email protected] Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel:    / markmitchellmortgagebrokerlondonontario   Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram -   / mortgagebrokerlondonontario   Facebook -   / londonontariomortgages   Twitter -   / londonmortgage1   LinkedIn -   / mark-mitchell-london-s-mortgage-broker-197...   TikTok - https://www.tiktok.com/@mortgagebroke... Commentary on this Channel should not be considered financial advice