Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP has to close above these price levels to make Beararish forecast invalid

2025-05-11

Optimism [OP] Breaks $ 0.85 neckline – this is what it means for traders

2025-05-11

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    DAC and Origo Partner to transform health care via Web3 Innovation

    2025-05-11

    Tether to make non-right wallet template: Details

    2025-05-11

    Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

    2025-05-11

    DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

    2025-05-11

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP has to close above these price levels to make Beararish forecast invalid

    2025-05-11

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»USDC becomes the first stablecoin to meet Canada’s new crypto asset requirements
USDC becomes the first stablecoin to meet Canada's new crypto asset requirements
Regulation

USDC becomes the first stablecoin to meet Canada’s new crypto asset requirements

2024-12-06No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Circle announced this week that USDC is the first stablecoin to comply with Canada’s new digital asset regulations.

Canada’s new regulations call for the removal of non-compliant stablecoins after December 31.

Circle’s compliance means USDC, which aims to maintain a 1:1 peg to the U.S. dollar, can trade on crypto exchanges in the Canadian market, according to a new press release.

Dante Disparte, Chief Strategy Officer and head of global policy at Circle, said the new development underlines the stablecoin issuer’s regulatory efforts.

“The Canadian Securities Administrators’ proactive approach to providing a regulatory framework for digital assets strengthens the integrity of digital asset markets while ensuring continued dependence on USDC in Canada’s rapidly growing ecosystem.”

The announcement comes as Circle launched a new wave of layoffs, Bloomberg reports. A company spokesperson told the press that the downsizing was routine and represented less than 6% of the company’s workforce.

“Circle regularly reviews our investments and expenses. This includes investing in teams and operational infrastructure to grow, while marginally reducing expenses and some functions in other parts of the business.”

This summer, USDC and Circle’s euro-pegged stablecoin EURC also achieved compliance with the European Union’s Markets in Crypto Assets (MiCA) regulations.

MiCA is the upcoming EU legislation that will provide rules regarding the supervision, consumer protection and environmental safeguards of crypto assets.

The law includes measures aimed at curbing financial crimes, including market manipulation, money laundering and terrorist financing, and places stablecoin issuers under the European Banking Authority while requiring them to maintain sufficient liquid reserves.

It is also scheduled to enter into force in December 2024.

See also  Colombia Plant Crypto regulations to curb risks and attract investments

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

Follow us further XFacebook and Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

Asset Canadas Crypto Meet requirements Stablecoin USDC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

2025-05-11

Asset Management Giant BlackRock held a meeting with SEC to discuss Crypto institution, tokenization and more

2025-05-11

Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

2025-05-10

Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

2025-05-10
Add A Comment

Comments are closed.

Top Posts

MITH’s Beta Launch with Mysten Labs and Sui Blockchain

2024-04-28

SUI To Unlock 64 Million Tokens, Could It Witness A Continued Rally?

2024-09-30

Bitcoin OP_CAT Upgrade: Could Satoshi’s Old Code Come Back?

2024-09-03
Editors Picks

Investors hedge their bets on Bitcoin with $50,000 call options before ETF decision

2024-01-06

VeBetterDAO Unveils NFT Enhancements, New Mascot, and Delegation Innovations

2024-12-03

LINK is pursuing institutional interest, but $40 is still unlikely – and here’s why

2024-10-05

Bitcoin: As sentiment turns neutral, investors stay their hands

2023-08-08
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP has to close above these price levels to make Beararish forecast invalid

Optimism [OP] Breaks $ 0.85 neckline – this is what it means for traders

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,169.540.46%
  • ethereumEthereum(ETH)$2,508.44-1.07%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.37-2.62%
  • binancecoinBNB(BNB)$650.70-0.57%
  • solanaSolana(SOL)$172.21-0.60%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.231672-3.07%
  • cardanoCardano(ADA)$0.81-1.43%
  • tronTRON(TRX)$0.2650881.23%
  • suiSui(SUI)$4.030.12%
  • chainlinkChainlink(LINK)$17.04-0.81%
  • avalanche-2Avalanche(AVAX)$24.83-2.57%
  • stellarStellar(XLM)$0.306852-0.72%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.57%
  • hedera-hashgraphHedera(HBAR)$0.205679-4.41%
  • hyperliquidHyperliquid(HYPE)$25.14-1.15%
  • the-open-networkToncoin(TON)$3.37-1.25%
  • piPi(PI)$1.1756.80%
  • bitcoin-cashBitcoin Cash(BCH)$409.34-3.11%
  • polkadotPolkadot(DOT)$5.10-0.31%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-1.27%
  • litecoinLitecoin(LTC)$100.10-3.62%
  • moneroMonero(XMR)$334.003.75%
  • pepePepe(PEPE)$0.0000141.20%
  • bitget-tokenBitget Token(BGB)$4.87-0.71%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.91-0.44%
  • bittensorBittensor(TAO)$452.34-1.07%
  • nearNEAR Protocol(NEAR)$3.13-3.24%
  • aptosAptos(APT)$5.90-0.16%
  • aaveAave(AAVE)$220.24-2.96%
  • okbOKB(OKB)$55.08-0.17%
  • ondo-financeOndo(ONDO)$1.04-3.35%
  • internet-computerInternet Computer(ICP)$5.761.05%
  • kaspaKaspa(KAS)$0.1166477.87%
  • ethereum-classicEthereum Classic(ETC)$19.91-1.78%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.80-3.91%
  • render-tokenRender(RENDER)$5.21-3.63%
  • mantleMantle(MNT)$0.801.61%
  • gatechain-tokenGateToken(GT)$21.84-1.93%
  • vechainVeChain(VET)$0.031208-0.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255615-4.10%
  • crypto-com-chainCronos(CRO)$0.098521-3.47%
  • ethenaEthena(ENA)$0.402430-0.45%
  • arbitrumArbitrum(ARB)$0.449069-2.83%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • filecoinFilecoin(FIL)$3.14-0.60%
  • cosmosCosmos(ATOM)$5.291.04%
  • bitcoinBitcoin(BTC)$104,169.540.46%
  • ethereumEthereum(ETH)$2,508.44-1.07%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.37-2.62%
  • binancecoinBNB(BNB)$650.70-0.57%
  • solanaSolana(SOL)$172.21-0.60%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.231672-3.07%
  • cardanoCardano(ADA)$0.81-1.43%
  • tronTRON(TRX)$0.2650881.23%
  • suiSui(SUI)$4.030.12%
  • chainlinkChainlink(LINK)$17.04-0.81%
  • avalanche-2Avalanche(AVAX)$24.83-2.57%
  • stellarStellar(XLM)$0.306852-0.72%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.57%
  • hedera-hashgraphHedera(HBAR)$0.205679-4.41%
  • hyperliquidHyperliquid(HYPE)$25.14-1.15%
  • the-open-networkToncoin(TON)$3.37-1.25%
  • piPi(PI)$1.1756.80%
  • bitcoin-cashBitcoin Cash(BCH)$409.34-3.11%
  • polkadotPolkadot(DOT)$5.10-0.31%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-1.27%
  • litecoinLitecoin(LTC)$100.10-3.62%
  • moneroMonero(XMR)$334.003.75%
  • pepePepe(PEPE)$0.0000141.20%
  • bitget-tokenBitget Token(BGB)$4.87-0.71%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.91-0.44%
  • bittensorBittensor(TAO)$452.34-1.07%
  • nearNEAR Protocol(NEAR)$3.13-3.24%
  • aptosAptos(APT)$5.90-0.16%
  • aaveAave(AAVE)$220.24-2.96%
  • okbOKB(OKB)$55.08-0.17%
  • ondo-financeOndo(ONDO)$1.04-3.35%
  • internet-computerInternet Computer(ICP)$5.761.05%
  • kaspaKaspa(KAS)$0.1166477.87%
  • ethereum-classicEthereum Classic(ETC)$19.91-1.78%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.80-3.91%
  • render-tokenRender(RENDER)$5.21-3.63%
  • mantleMantle(MNT)$0.801.61%
  • gatechain-tokenGateToken(GT)$21.84-1.93%
  • vechainVeChain(VET)$0.031208-0.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255615-4.10%
  • crypto-com-chainCronos(CRO)$0.098521-3.47%
  • ethenaEthena(ENA)$0.402430-0.45%
  • arbitrumArbitrum(ARB)$0.449069-2.83%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • filecoinFilecoin(FIL)$3.14-0.60%
  • cosmosCosmos(ATOM)$5.291.04%