Canada’s Stablecoin Classification Draws Scrutiny; Experts Suggest Rethinking

Tanim Rasul, CEO of Canadian crypto exchange NDAX, has expressed dissatisfaction with Canada’s classification of stablecoins as securities. He suggests that the country is misinterpreting regulatory frameworks and that stablecoins should be considered payment instruments instead. During a panel discussion at the Blockchain Futurist Conference in Toronto, he called for a shift in perspective by examining models like MiCA from Europe, which treats stablecoins as payment instruments. ]