⚡ Stablecoins are once again available in Canada
posted 6 Oct 2023
The Canadian Securities Administrators (CSA) have released preliminary rules for cryptocurrency platforms that allow the use of stablecoins under certain conditions.
Among the key requirements are mandatory public disclosure of issuer's stablecoin reserves and the use of qualified custodial services.
The regulator also urged users to exercise caution, as compliance with these conditions does not guarantee that the assets are risk-free.
The regulator also urged users to exercise caution, as compliance with these conditions does not guarantee that the assets are risk-free.
