Bank of Canada calls on the country to establish a stablecoin framework to avoid lagging behind other countries

PANews September 19th news, according to Cointelegraph, the Bank of Canada called for the establishment of a stablecoin regulatory framework to modernize the payment system and avoid lagging behind other countries in the promotion of relevant policies. "Even if you are on the right path, stagnation will be surpassed. To be considered a stablecoin, it must be as secure and stable as the bank account balance. Governments are strengthening regulation of cryptocurrencies such as stablecoins, which benefit consumers and avoid credit and liquidity risks. In fact, many jurisdictions around the world have introduced or are about to introduce a crypto asset regulatory framework."