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CoinDesk

Canada opens consultation on draft stablecoin rules, maintains ban on yields

Under the draft rules, non-bank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within three business days.

Photo: CoinDesk

Under the draft rules, non-bank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within three business days.

Originally published by CoinDesk. Read the full story at the source →

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