Canada’s crypto future hinges on upcoming stablecoin regulatory framework reveal. Industry leaders warn: Canada risks losing crypto investment to U.S. U.S. stablecoin regulations prompt Canada’s swift action to stay competitive. Canada is on the brink of a major shift in its approach to cryptocurrency regulation. With the stablecoin sector growing rapidly, the Canadian government is preparing to introduce a clear regulatory framework aimed at bringing much-needed clarity to the market. According to Bloomberg,officials have been working behind the scenes, meeting with industry leaders and regulators to craft a proposal that will be revealed in the federal budget. This move is expected to reshape the landscape for stablecoins and their role in Canada’s broader financial ecosystem. Stablecoins, digital currencies that are pegged to a reserve asset like the U.S. dollar, have been a key topic in the global crypto conversation. In Canada, however, the lack of defined rules around these assets has created uncertainty for companies and investors alike. Currently, regulators treat stablecoins as either securities or derivatives, but with the market expanding, this ambiguity is becoming an increasing issue. Also Read: SHIB Burn Rate Soars 28,554% – Is This the Key to a Massive Price Surge? In contrast, the U.S. has already taken significant steps towards regulation. The passage of the Genius Act in July granted U.S. regulators the authority to oversee stablecoin issuers and enforce reserve requirements. This clear and actionable regulatory framework has been widely praised by the crypto community, and many experts believe Canada needs to follow suit to maintain its competitive edge. Canada Faces Urgency as Industry Demands Action With global competition heating up, Canada must act quickly to avoid losing ground. John Ruffolo, founder of Maverix Private Equity, has raised concerns that Canadian investors may increasingly turn to U.S.-based stablecoins if regulations are not introduced soon. This shift could have significant consequences for Canada’s financial system, impacting bond demand and reducing control over domestic financial transactions. The Bank of Canada and the Office of the Superintendent of Financial Institutions (OSFI) have also stressed the need for a national regulatory framework. Carolyn Wilkins, former deputy governor of the Bank of Canada, emphasized that Canada must adopt rules that foster trust and stability in the financial sector to stay competitive in the evolving digital asset landscape. With the global crypto community watching closely, Canada’s response will determine whether it remains a key player in the future of digital finance or risks falling behind as other nations, like the U.S., push ahead with clearer and more comprehensive regulations. Also Read: VIRTUAL Surges as AI Agents Integrate Directly Into Coinbase’s Retail DEX The post Canada Set to Revolutionize Crypto with New Stablecoin Regulations: What You Need to Know appeared first on 36Crypto. Canada’s crypto future hinges on upcoming stablecoin regulatory framework reveal. Industry leaders warn: Canada risks losing crypto investment to U.S. U.S. stablecoin regulations prompt Canada’s swift action to stay competitive. Canada is on the brink of a major shift in its approach to cryptocurrency regulation. With the stablecoin sector growing rapidly, the Canadian government is preparing to introduce a clear regulatory framework aimed at bringing much-needed clarity to the market. According to Bloomberg,officials have been working behind the scenes, meeting with industry leaders and regulators to craft a proposal that will be revealed in the federal budget. This move is expected to reshape the landscape for stablecoins and their role in Canada’s broader financial ecosystem. Stablecoins, digital currencies that are pegged to a reserve asset like the U.S. dollar, have been a key topic in the global crypto conversation. In Canada, however, the lack of defined rules around these assets has created uncertainty for companies and investors alike. Currently, regulators treat stablecoins as either securities or derivatives, but with the market expanding, this ambiguity is becoming an increasing issue. Also Read: SHIB Burn Rate Soars 28,554% – Is This the Key to a Massive Price Surge? In contrast, the U.S. has already taken significant steps towards regulation. The passage of the Genius Act in July granted U.S. regulators the authority to oversee stablecoin issuers and enforce reserve requirements. This clear and actionable regulatory framework has been widely praised by the crypto community, and many experts believe Canada needs to follow suit to maintain its competitive edge. Canada Faces Urgency as Industry Demands Action With global competition heating up, Canada must act quickly to avoid losing ground. John Ruffolo, founder of Maverix Private Equity, has raised concerns that Canadian investors may increasingly turn to U.S.-based stablecoins if regulations are not introduced soon. This shift could have significant consequences for Canada’s financial system, impacting bond demand and reducing control over domestic financial transactions. The Bank of Canada and the Office of the Superintendent of Financial Institutions (OSFI) have also stressed the need for a national regulatory framework. Carolyn Wilkins, former deputy governor of the Bank of Canada, emphasized that Canada must adopt rules that foster trust and stability in the financial sector to stay competitive in the evolving digital asset landscape. With the global crypto community watching closely, Canada’s response will determine whether it remains a key player in the future of digital finance or risks falling behind as other nations, like the U.S., push ahead with clearer and more comprehensive regulations. Also Read: VIRTUAL Surges as AI Agents Integrate Directly Into Coinbase’s Retail DEX The post Canada Set to Revolutionize Crypto with New Stablecoin Regulations: What You Need to Know appeared first on 36Crypto.

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.