Canada: Bank of Canada Report “Potential benefits and key risks of fiat-referenced cryptoassets”
Progress
Current status
adopted
20 Dec 2022 adopted
Scope
Implementers
Canada
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Adopted report on "Potential Benefits and Key Risks of Fiat-referenced Cryptoassets"
On 20 December 2022, the Bank of Canada released a report titled “Potential benefits and key risks of fiat-referenced cryptoassets”. The report reviews the mechanisms for creating and distributing fiat-referenced cryptoassets, also known as stableco…
Event type
outline
Action type
adoption
Government branch
executive
Government body
central bank