During the mini-budget announcements, the Canadian government announced that it is preparing to launch a consultation on cryptocurrencies, stablecoins and Digital Central Bank Coins (CBDC).
Government November 3 In the mini-budget published on digitization of money under the heading stablecoins and CBDCs about steps to be taken mentioned. Cryptocurrencies and digital assets have been around the world recently, both in Canada and around the world. from sanctions avoid and live female The government, claiming that it was used to finance activities, will focus on the subject stated.
The report states that the rise in cryptocurrencies and the digitalization of money in Canada and the world transforming financial systems attention was drawn. Canada’s financial system and regulatory frameworks able to adapt to changes The government said that the digitalization of money is a challenge for democratic institutions all over the world. difficulty claimed to be.
In addition, the government’s financial sector in Canada’s process of digitization of money stability and security a focus on protection financial sector review The intention to launch was also included in the mini-budget.
Government consultations on digital assets, including cryptocurrencies, stablecoins and CBDCs November 3, 2022 announced that it started from