加拿大银行和法规的Stablecoins：导航数字边界

加拿大银行敦促随着全球势头的建立，对Stablecoin法规的决定性行动。加拿大有没有明确规则的落后的风险。

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.

稳定的人正在重塑财务，要求加拿大迅速的监管行动。加拿大银行呼吁合作为这些数字资产制定明确的规则。

The Rise of Stablecoins: A Canadian Perspective

Stablecoins的兴起：加拿大的观点

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.

来自加拿大银行的罗恩·莫罗（Ron Morrow）强调了加密货币和稳定币的变革潜力。虽然比特币的波动率使其不适合日常交易，但固定固定的稳定资产的稳定性提供了更可靠的选择。他们的使用激增，年度交易大约达到1万亿美元。

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强调，要使Stablecoins充当真实资金，它们必须与传统银行存款的安全性和稳定性相匹配。这要求联邦和省级监管机构必须根据明确的准则进行合作。

Canada's Payments System: Lagging Behind?

加拿大的付款系统：落后？

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.

评论家认为，加拿大的支付网络落后于国际标准。与英国和澳大利亚等国家相比，加拿大的处理速度较慢，成本较高以及由于主要银行中的系统集中而导致的竞争有限。加拿大银行最初探索了中央银行数字货币（CBDC），但将重点转移到了实时支付系统上。

Global Regulatory Landscape: GENIUS Act and Beyond

全球监管格局：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.

动力正在全球建立。美国通过了《天才法》，为Stablecoin法规提供了更明确的规则，而欧盟正准备通过加密资产（MICA）法实施其市场。这些举措优先考虑透明度，强大的储备和消费者保护。澳大利亚也正在适应，ASIC引入了针对分发Stablecoins的中介机构的许可豁免。

Bank of Canada's Stance: Urgency and Caution

加拿大银行的立场：紧迫和谨慎

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.

加拿大银行敦促加拿大监管机构效仿，OSFI开发了一个监管框架，其中包括许可，赎回权和稳定发行人的储备。一套统一的标准集对于防止可能扼杀创新的碎片方法至关重要。

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，加拿大银行还警告潜在风险，包括流动性危机，信用风险和治理不佳。失败的加密项目的课程强调了强大的消费者保护措施的需求。

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.

拉丁美洲的数字银行Nubank正在通过信用卡测试Stablecoin付款，这反映了向加密支出进行更广泛的转变。 EY-Parthenon预测，到2030年，Stablecoins将占所有跨境支付的5-10％，这一价值在2.1-4.2亿美元之间。更快的结算时间，较低的交易成本以及更好的流动性管理推动了这种采用。

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.

预计加拿大将很快发布其稳定法律草案，其中包括OSFI，联邦政客和省级监管机构。该法律旨在指导发行人，保护消费者并建立储备要求。重点已从CBDC转​​变为监管诸如Stablecoins之类的私人数字资产，这可能会在没有相同公众关注的情况下提供数字货币的好处。

Looking Ahead: Opportunities and Challenges

展望未来：机会和挑战

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为银行，公司和金融科技公司提供了巨大的机会，包括较低的成本，更快的定居点和扩大的全球范围。但是，明确的监管框架对于减轻风险和促进创新至关重要。

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!

那么，加拿大在十字路口，是吗？我们要么跳上Stablecoin潮流并使我们的金融体系现代化，要么冒险被抛弃。希望我们的监管机构能够在我们所有人都用其他国家的数字loonies付款之前将其整理好！