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BTCC / BTCC Square / Global Cryptocurrency /
Bank of Canada Sets Strict Standards for Stablecoin Approval

Bank of Canada Sets Strict Standards for Stablecoin Approval

Author:
Global Cryptocurrency
Published:
2025-12-17 04:39:01
6
2
BTCCSquare news:

The Bank of Canada will only approve high-quality stablecoins under new regulations taking effect in 2026. Governor Tiff Macklem emphasized these digital tokens must function like real money—safe, reliable, and fully redeemable even during market stress.

The central bank mandates a 1:1 peg to fiat currency, requiring stablecoins to be backed by liquid assets like Treasury bills. This MOVE aims to prevent speculative risks while maintaining financial stability.

Speaking in Montreal, Macklem framed the policy as essential for public trust: "Digital money must meet the same standards as cash." The guidelines exclude volatile crypto assets, focusing solely on stablecoins that enhance payment systems without compromising security.

|Square

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