The Canadian government will launch a consultation on the potential risks that digital assets and currencies pose to the country’s traditional financial system. The Canadian government announced “consultations with stakeholders on digital currencies, including cryptocurrencies, stablecoins, and central bank digital currencies” in its 2022 Fall Economic Statement, which was released on Thursday by Deputy Prime Minister Chrystia Freeland. These consultations will help the Canadian government launch a “financial sector legislative review focused on the digitalization of money and maintaining financial sector stability and security” as part of the Budget 2022 initiative.
