Canada Gives Tokenized Deposits Legal Status Same As Bank Deposits

The post Canada Gives Tokenized Deposits Legal Status Same As Bank Deposits appeared first on Coinpedia Fintech News

Canada has just cleared a major hurdle for blockchain-based banking. The country now says tokenized deposits have the same legal status as traditional bank deposits, opening the door for banks to offer more digital deposit products. The move also gives federally regulated institutions clearer rules while keeping existing banking and risk standards in place Canada …