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Article
Blockchain Powered Payments: How Stablecoins, Tokenized Deposits, And Digital Payment Instruments Can Reshape The Canadian Payments Landscape
Fiat-backed stablecoins are rapidly emerging as viable payment alternatives, but without a clear Canadian regulatory framework, domestic digital payments risk being overshadowed by foreign-issued stablecoins. This discussion explores the regulatory, economic, and policy considerations necessary for Canada to establish a competitive blockchain-based payment system that maintains domestic control while harnessing the full potential of digital currency innovation.
Canada Technology
TL
Torys LLP
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Article
Blockchain Powered Payments: How Stablecoins, Tokenized Deposits, And Digital Payment Instruments Can Reshape The Canadian Payments Landscape
Fiat-backed stablecoins are rapidly emerging as viable payment alternatives, but without a clear Canadian regulatory framework, domestic digital payments risk being overshadowed by foreign-issued stablecoins. This discussion explores the regulatory, economic, and policy considerations necessary for Canada to establish a competitive blockchain-based payment system that maintains domestic control while harnessing the full potential of digital currency innovation.
Canada Technology
TL
Torys LLP
See more
See more