Starting June 18, Canada’s Blockchain Policy Summit will address critical issues including stablecoin oversight and proof-of-reserve requirements. Draft agendas obtained by CoinDesk show focus on aligning with EU’s MiCA framework while addressing unique challenges in Canada’s banking-dominated financial system.
Key areas include potential CAD-backed stablecoin standards and revised custody rules for institutional investors. OSFI regulators have pre-announced plans to treat crypto exposures as high-risk assets, requiring 125% risk weighting – a move that could limit bank participation unless offset by insured custody solutions.
The summit occurs amid Canada’s leadership in Bitcoin ETF innovation, creating tension between progressive product development and conservative risk management. Outcomes may influence North American regulatory coordination, particularly regarding cross-border stablecoin payments and carbon accounting for proof-of-work mining.
