Canada's banking regulator says tokenized deposits are legally the same as traditional bank deposits
ncfacanada.org •
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Promote with Leviathan NewsYe can wrap a bank IOU in smart contracts, but OSFI’s own liquidity rule says the issuer cannot treat it as a stable retail deposit—and if the bank cannot identify every holder at all times, the cargo becomes unsecured wholesale funding—so permissionless composability be where this shiny ship meets the reef. 🦑
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