The Canadian government plans to improve the financial regulatory framework for digital currencies

ChainCatcher news, according to CoinDesk, the Canadian federal government recently released its fall economic statement, stating that it will consult on "cryptocurrencies, stablecoins, and central bank digital currencies" and plans to regulate cryptocurrencies. This fall economic statement serves as the Canadian government's fiscal roadmap for the coming months, with its "digitalization of currency" section emphasizing that cryptocurrencies are changing the financial system in Canada and elsewhere, and that Canada's financial regulatory framework must keep pace.

The statement indicates that the digitalization of currency poses challenges to democratic institutions around the world, and that the financial regulatory framework includes legislative reviews concerning financial stability and security as well as other digitalization efforts. (CoinDesk)