Canada’s Draft Stablecoin Rules Uphold Ban on Yield Payments

T2Covered by 1 source · first reported by PYMNTS at 26 Oct, 19:22 UTC

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…

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• T2Canada’s Draft Stablecoin Rules Uphold Ban on Yield PaymentsPYMNTS26 Oct, 19:22