Canada’s draft stablecoin rules shut out yield and route reserves through the banks

Crypto Insight Summary: Canada has moved to give Canadian banks a prominent role in its latest draft stablecoin regulations, backing the banks’ push for bans on stablecoin yields, while mandating non-bank issuers to park their reserves inside those same banks. The document published in the Canada Gazette landed barely three days after the Office of the Comptroller of... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Mid-term (1-8 weeks) Reasoning: Canada-specific draft rules have limited influence on the broader crypto market.