Canada Says Tokenized Deposits Are Legally the Same as Traditional Bank Deposits Canada’s banking regulator OSFI said tokenized deposits ar…
Canada Says Tokenized Deposits Are Legally the Same as Traditional Bank Deposits
Canada’s banking regulator OSFI said tokenized deposits are not legally distinct from traditional bank deposits, reinforcing a technology-neutral regulatory approach. The clarification means federally regulated banks can develop blockchain-based deposit products without requiring a separate regulatory category, while existing prudential, technology and risk-management rules continue to apply.