Canada’s Draft Stablecoin Rules Uphold Ban on Yield Payments
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Canada began a 60-day consultation period on draft stablecoin regulations, CoinDesk reported Monday (Oct. 26). The regulations uphold a ban on yield payments and require nonbank issuers to keep their reserves with Canadian financial institutions, the report said. The consultation, which ends Dec. 23, is happening as Canadian banks lobby for a prohibition on yield […] The post Canada’s Draft Stablecoin Rules Uphold Ban on Yield Payments appeared first on PYMNTS.com.
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