Bloomberg: Canada Accelerates Stablecoin Regulation Rules Development

BlockBeats News, October 27, according to Bloomberg sources, Canada is seeking feedback on stablecoin regulation and may announce a significant update in next week's federal budget.

These sources indicate that Canadian government officials have held weeks of in-depth discussions with regulatory bodies and industry participants, but since the discussions are confidential, they requested anonymity. Officials are reportedly planning to address the issue in the budget document to be released by Finance Minister François-Philippe Champagne on November 4.