Bank of Canada Advocates for Stablecoin Regulatory Framework
The Bank of Canada is stepping up its call for a robust regulatory framework surrounding stablecoins, emphasizing the need for modernization within the country’s payment system. As global initiatives to regulate cryptocurrencies gain momentum, Canada’s central bank is urging both federal and provincial regulators to act swiftly to avoid lagging behind other nations. During a recent speech at the Chartered Professional Accountants conference in Ottawa, Ron Morrow, the executive director responsible for payments, supervision, and oversight at the Bank of Canada, highlighted the urgency of the matter. He stated, “Even if you’re on the right track, you’ll get run over












