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Bank of Canada lays out criteria for ‘good money’ stablecoins

Canada’s central bank will approve only fiat-backed, high-quality stablecoins to ensure they are “good money” as part of the country’s plan to modernize its financial system.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bank of Canada lays out criteria for ‘good money’ stablecoins

Canada’s central bank will approve only fiat-backed, high-quality stablecoins to ensure they are “good money” as part of the country’s plan to modernize its financial system.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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