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Tag: Cardano

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Canada Just Put Bank Money on the Blockchain. What Happens to Banking Next?
Canada has clarified that tokenized deposits remain bank money — but blockchain could fundamentally change how that money moves, settles…Continue reading on Medium » Read full article
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Canada Regulator Clears Tokenized Deposits for Banking System
The Office of the Superintendent of Financial Institutions adopted an innovation-friendly approach to tokenized deposits, stressing that they are “not legally distinct” from traditional deposits, paving the way for banks and other financial institutions to build onchain rails for their… Read full article
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Canada Clarifies Rules for Tokenized Bank Deposits
What OSFI clarified on September 10



What OSFI clarified
A tokenized deposit is not legally distinct from a conventional deposit solely because it is recorded or transferred through digital-ledger technology.
What did not change
Banks must engage OSFI before launching… Read full article
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