Bank of Canada wants stablecoins to be backed by high-quality liquid assets

By Promit Mukherjee and David Ljunggren OTTAWA, Dec 16 (Reuters) - The Bank of Canada says regulations on future Canadian stablecoins must ensure they are backed ​by high-quality liquid assets and be pegged one-to-one to a central bank ‌currency, Governor Tiff Macklem said on Tuesday. The Liberal government said in November that it would be introducing regulations ‌next year for stablecoins, a form of cryptocurrency which are convertible to a fiat currency at par. "We want stablecoins to be good money, ...