News

Jinse Finance reported that the Bank of Canada stated that under the country’s expected new regulatory framework for stablecoins, which is set to be introduced in 2026, only high-quality stablecoins pegged to central bank currency will be approved. This is to ensure that stablecoins can serve as a form of “high-quality money.” Bank of Canada Governor Tiff Macklem told the Montreal Chamber of Commerce on Tuesday: “We want stablecoins to become a high-quality form of money, just like cash or bank demand deposits.” Macklem suggested that stablecoins must maintain a 1:1 peg with a central bank currency, and their reserve assets must be “highly liquid, high-quality assets.” Such assets should be quickly convertible to cash, with short-term government bonds and treasury bills being typical examples. This statement follows the release of Canada’s 2025 budget report. The report, published in early November, clearly requires stablecoin issuers to hold sufficient reserves, establish sound redemption policies, and set up various risk management frameworks, including measures to protect personal financial data.

ChainCatcher news, according to Bloomberg, the UK will investigate the role of cryptocurrencies as part of a broader review of the country's political financing laws. This review was triggered by a bribery case involving a politician from the Reform UK party.