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Canada Regulator Clears Tokenized Deposits for Banking System

Canada Regulator Clears Tokenized Deposits for Banking SystemWorldPing

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 instituti…

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The institution remarked that the move represents a new chapter after starting as a Latin American-focused business. Nu is now scaling to bring its services to the U.S.

Brief by WorldPing · Original reporting by Bitcoin.com