The Bank of Canada will oversee the framework, allocating CA$10 million initially and CA$5 million annually. The Retail Payment Activities Act will be amended to include stablecoin-related payment services. Canada's reforms align with similar regulatory frameworks in the UK, EU and Australia. Canada's 2025 federal budget, unveiled on 4 November, places fiat-backed stablecoins at the [...]The post Canada pivots to stablecoins as cornerstone of its digital payments reform appeared first on CoinJournal.