Canada 'got it wrong' labeling stablecoins securities — NDAX exec

Tanim Rasul, chief operating officer at Canadian crypto exchange NDAX, said Canada “got it wrong” categorizing stablecoins as securities in 2022, and the country needs to realize that every other regulatory regime is looking at stablecoins as payment instruments. Rasul made the remarks during a panel on May 13 at the Blockchain Futurist Conference in Toronto, pointing to Europe's crypto regulatory framework as a model for Canada to consider:“I’m sure the regulators are wondering if this was the right choice to approach stablecoins as a security. […] I would just say, look at MiCA, look at the way they’re approaching stablecoins. It’s a payment instrument source: https://cointelegraph.com/news/canada-got-it-wrong-labeling-stablecoins-security-ndax-exec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound