加拿大銀行和法規的Stablecoins：導航數字邊界

加拿大銀行敦促隨著全球勢頭的建立，對Stablecoin法規的決定性行動。加拿大有沒有明確規則的落後的風險。

Stablecoins are reshaping finance, demanding swift regulatory action in Canada. The Bank of Canada is calling for collaboration to establish clear rules for these digital assets.

穩定的人正在重塑財務，要求加拿大迅速的監管行動。加拿大銀行呼籲合作為這些數字資產製定明確的規則。

The Rise of Stablecoins: A Canadian Perspective

Stablecoins的興起：加拿大的觀點

Ron Morrow from the Bank of Canada highlighted the transformative potential of cryptocurrencies and stablecoins. While Bitcoin's volatility makes it unsuitable for everyday transactions, stablecoins, pegged to stable assets, offer a more reliable alternative. Their use has surged, reaching roughly $1 trillion in annual transactions.

來自加拿大銀行的羅恩·莫羅（Ron Morrow）強調了加密貨幣和穩定幣的變革潛力。雖然比特幣的波動率使其不適合日常交易，但固定固定的穩定資產的穩定性提供了更可靠的選擇。他們的使用激增，年度交易大約達到1萬億美元。

Morrow emphasized that for stablecoins to function as real money, they must match the safety and stability of traditional bank deposits. This requires federal and provincial regulators to collaborate on clear guidelines.

Morrow強調，要使Stablecoins充當真實資金，它們必須與傳統銀行存款的安全性和穩定性相匹配。這要求聯邦和省級監管機構必鬚根據明確的準則進行合作。

Canada's Payments System: Lagging Behind?

加拿大的付款系統：落後？

Critics argue that Canada's payment network is falling behind international standards. Compared to countries like the U.K. and Australia, Canada faces slower processing, higher costs, and limited competition due to the concentration of the system among major banks. The Bank of Canada initially explored a central bank digital currency (CBDC) but shifted focus to a real-time payment system.

評論家認為，加拿大的支付網絡落後於國際標準。與英國和澳大利亞等國家相比，加拿大的處理速度較慢，成本較高以及由於主要銀行中的系統集中而導致的競爭有限。加拿大銀行最初探索了中央銀行數字貨幣（CBDC），但將重點轉移到了實時支付系統上。

Global Regulatory Landscape: GENIUS Act and Beyond

全球監管格局：天才法和超越

Momentum is building worldwide. The U.S. passed the GENIUS Act, providing clearer rules for stablecoin regulation, while the EU is preparing to implement its Markets in Crypto-Assets (MiCA) law. These initiatives prioritize transparency, robust reserves, and consumer protection. Australia is also adapting, with ASIC introducing licensing exemptions for intermediaries distributing stablecoins.

動力正在全球建立。美國通過了《天才法》，為Stablecoin法規提供了更明確的規則，而歐盟正準備通過加密資產（MICA）法實施其市場。這些舉措優先考慮透明度，強大的儲備和消費者保護。澳大利亞也正在適應，ASIC引入了針對分發Stablecoins的中介機構的許可豁免。

Bank of Canada's Stance: Urgency and Caution

加拿大銀行的立場：緊迫和謹慎

The Bank of Canada is urging Canadian regulators to follow suit, with OSFI working on a regulatory framework that includes licensing, redemption rights, and reserves for stablecoin issuers. A unified set of standards is crucial to prevent a fragmented approach that could stifle innovation.

加拿大銀行敦促加拿大監管機構效仿，OSFI開發了一個監管框架，其中包括許可，贖回權和穩定發行人的儲備。一套統一的標準集對於防止可能扼殺創新的碎片方法至關重要。

However, the Bank of Canada also warns of potential risks, including liquidity crises, credit risks, and poor governance. Lessons from failed crypto projects underscore the need for strong consumer protection measures.

但是，加拿大銀行還警告潛在風險，包括流動性危機，信用風險和治理不佳。失敗的加密項目的課程強調了強大的消費者保護措施的需求。

Nubank and the Latin American Crypto Revolution

Nubank和拉丁美洲加密革命

Nubank, a digital bank in Latin America, is testing stablecoin payments via credit cards, reflecting a broader shift towards crypto spending. EY-Parthenon forecasts that stablecoins will account for 5-10% of all cross-border payments by 2030, representing a value between $2.1-$4.2 trillion. Faster settlement times, lower transaction costs, and better liquidity management drive this adoption.

拉丁美洲的數字銀行Nubank正在通過信用卡測試Stablecoin付款，這反映了向加密支出進行更廣泛的轉變。 EY-Parthenon預測，到2030年，Stablecoins將佔所有跨境支付的5-10％，這一價值在2.1-4.2億美元之間。更快的結算時間，較低的交易成本以及更好的流動性管理推動了這種採用。

Canada's Next Steps: A Draft Law on the Horizon

加拿大的下一步：法律草案

Canada is expected to release a draft of its stablecoin law soon, involving OSFI, federal politicians, and provincial regulators. This law aims to guide issuers, protect consumers, and establish reserve requirements. The focus has shifted from a CBDC to regulating private digital assets like stablecoins, which may offer the benefits of digital money without the same public concerns.

預計加拿大將很快發布其穩定法律草案，其中包括OSFI，聯邦政客和省級監管機構。該法律旨在指導發行人，保護消費者並建立儲備要求。重點已從CBDC轉​​變為監管諸如Stablecoins之類的私人數字資產，這可能會在沒有相同公眾關注的情況下提供數字貨幣的好處。

Looking Ahead: Opportunities and Challenges

展望未來：機會和挑戰

Stablecoins present significant opportunities for banks, corporations, and fintechs, including lower costs, faster settlements, and expanded global reach. However, clear regulatory frameworks are essential to mitigate risks and foster innovation.

Stablecoins為銀行，公司和金融科技公司提供了巨大的機會，包括較低的成本，更快的定居點和擴大的全球範圍。但是，明確的監管框架對於減輕風險和促進創新至關重要。

So, Canada's at a crossroads, eh? Either we jump on the stablecoin bandwagon and modernize our financial system, or we risk getting left behind. Let's hope our regulators can sort it out before we're all paying for Tim Hortons with digital loonies from other countries!

那麼，加拿大在十字路口，是嗎？我們要么跳上Stablecoin潮流並使我們的金融體系現代化，要么冒險被拋棄。希望我們的監管機構能夠在我們所有人都用其他國家的數字loonies付款之前將其整理好！