Canada Regulator Clears Tokenized Deposits for Banking System
WorldPing
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…
This is a short WorldPing brief. The full report was published by Bitcoin.com.
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