The Canadian federal government is attempting to address the crypto sphere within its borders. As stated in its mini budget on Nov. 3, it will commence findings on crypto, stablecoins, and Central Bank Digital Currency (CBDC).
The mini budget, titled the “2022 Fall Economic Statement” was released by the Deputy Prime Minister, Chrystia Freeland. It aims to support the government’s budget for the year and features a section focusing on “Addressing the Digitalization of Money,” which portrays the plans of the Canadian government for cryptocurrency.
“The rise in cryptocurrencies and the digitalization of money are transforming financial systems in Canada and around the world. Canada’s framework for the regulation of our financial system needs to keep pace,” the government mentioned in the press statement.
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