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Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield

Ottawa opened a 60-day consultation on draft rules requiring one-to-one reserves and fast redemption from stablecoin issuers, while keeping the ban on paying holders interest.

Ottawa opened a 60-day consultation on draft rules requiring one-to-one reserves and fast redemption from stablecoin issuers, while keeping the ban on paying holders interest.

Read the full story at decrypt.co: https://decrypt.co/381889/canada-draft-stablecoin-rules-redemption-fees-ban-yield

Source: decrypt.co

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