 | Canada's Office of the Superintendent of Financial Institutions (OSFI) has confirmed that tokenized deposits carry the same legal status as traditional bank deposits, clearing a regulatory path for federally regulated financial institutions to build blockchain-based deposit products in 2026. The clarification, issued in 2026, resolves a foundational legal question that had been holding back Canadian banks from developing on-chain deposit offerings. By treating tokenized deposits as functionally equivalent to conventional deposits, OSFI has signaled that federally regulated financial institutions can proceed with blockchain-based deposit products without needing a separate legal classification or bespoke regulatory regime. The move positions Canada among the first major jurisdictions to explicitly address the legal treatment of tokenized deposits, a category distinct from stablecoins in that tokenized deposits represent claims on a regulated bank rather than on a private issuer. [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments