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Canada accelerates stablecoin regulatory framework, prepares to announce in federal budget
According to Bloomberg, the Canadian government is accelerating the development of a legal framework for stablecoins, with details expected to be announced in the federal budget presented by Finance Minister François-Philippe Champagne on November 4.
In recent weeks, government officials have held a series of consultations with regulatory agencies and representatives from the cryptocurrency sector to finalize regulations governing stablecoins. This move indicates that Canada aims to catch up with international trends regarding the control of digital assets, aiming to create a more transparent and safer environment for activities related to stablecoins.