Canada Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield

TLDR Canada published draft stablecoin rules on October 24 that require one-to-one reserves held by Canadian custodians. Holders could redeem coins within three business days, with fees capped at 1%. Issuers could not pay interest for holding a coin, but rewards tied to using a coin would be allowed. The Bank of Canada would supervise [...]

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