transactions - The Latremie Post

Canada Follows U.S. in Regulating Stablecoins in Budget

**Canada to Establish New Stablecoin Laws, Mirroring the U.S. GENIUS Act**

Stablecoins are gaining worldwide attention for their ease of use in payment transactions. In response, Canada is on track to introduce new regulations for stablecoins, aligning its approach with recent legislative developments in the United States.

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### Canada Moves Forward with Stablecoin Regulations

As disclosed in the Canadian government’s 2025 budget released on Tuesday, November 4, 2025, stablecoin issuers will soon need to meet specific criteria under proposed federal legislation. These requirements include holding sufficient reserves and establishing clear redemption policies. Additionally, issuers must implement robust risk management frameworks designed to protect personal and financial data.

Starting in the 2026-2027 fiscal year, the Bank of Canada will allocate $10 million over two years to oversee a smooth regulatory rollout. Following this initial phase, stablecoin issuers are expected to cover an estimated $5 million annually in regulatory costs. These rules will come under the ambit of the Retail Payment Activities Act.

The government’s primary goal is to deliver faster, cheaper, and safer digital transactions to benefit Canada’s 41.7 million residents. This effort also forms part of a broader initiative to modernize the country’s entire payment system.

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### No Central Bank Digital Currency for Now

Currently, Canada does not have a Central Bank Digital Currency (CBDC). The country canceled its digital loonie project in September 2024, with Bank of Canada Governor Tiff Macklem stating, “No strong case yet.” Since then, Canada has shifted focus from developing a digital currency toward modernizing its domestic payment infrastructure.

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### Canada’s Stance Amid Market Movements

In an unexpected move, the National Bank of Canada adopted a bearish stance towards Bitcoin. The bank filed documents with the U.S. Securities and Exchange Commission (SEC) to exercise a put option on its BlackRock iShares Bitcoin Trust ETF holdings, valued at more than $1.3 million.

Despite this cautious approach towards cryptocurrencies, Canada is eager not to lag behind in regulatory frameworks and global competition. The move to establish clear stablecoin laws follows the United States’ passage of the GENIUS Act in July 2025, signaling a growing emphasis on regulating digital assets.

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### Stablecoin Market Expansion

The introduction of regulatory frameworks in both the U.S. and Canadian markets comes amid rapid expansion in the stablecoin sector. Currently, the stablecoin market sits at approximately $309.1 billion. The U.S. Treasury estimated in April 2025 that this figure could surge to $2 trillion by 2028.

Stablecoins have already become dominant in several markets. For example, in Latin America, Tether (USDT) and USDC stablecoins hold a leading position. In Argentina, stablecoins make up 72% of all cryptocurrency purchases in 2024, far surpassing Bitcoin, which accounts for only 8%.

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### Innovation in Stablecoin Payments

Partnerships are accelerating the adoption of stablecoin payments worldwide. Recently, DeCard partnered with Polygon Labs to enable stablecoin payments across over 150 million merchants globally. This platform allows users to convert popular cryptocurrencies like USDT and USDC into traditional fiat currencies, which can be spent anywhere cards are accepted.

In Canada, payment platforms such as Tetra Digital are emerging as key players in the stablecoin space. Tetra Digital has raised $10 million to create a digital version of the Canadian dollar, backed by investments from major firms including Shopify, Wealthsimple, and the National Bank of Canada.

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Canada’s regulatory efforts and market innovations indicate a significant step toward integrating stablecoins into mainstream finance, ensuring secure and efficient digital payment options for Canadians.
https://bitcoinethereumnews.com/tech/canada-follows-u-s-in-regulating-stablecoins-in-budget/

Insider trades: American Express, Oracle among notable names this week

**Insider Transactions for the Week: October 20 – October 25**

This week’s insider transactions featured notable sales from major firms including American Express (NYSE: AXP), BlackRock (NYSE: BLK), and Snap (NYSE: SNAP).

Among the key insiders, Denise Pickett, President of Enterprise Shared Services at American Express, was involved in relevant activity during this period.

**Related Stocks:**

– American Express Company (AXP)
– BlackRock, Inc. (BLK)
– CSX Corporation (CSX)
– Lithium Americas Corp. (LAC)
– Oracle Corporation (ORCL)

Stay tuned for more trending news and in-depth analysis on these stocks.
https://seekingalpha.com/news/4508404-insider-trades-american-express-oracle-among-notable-names-this-week?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

Arbitrum Records $4.5B Net Inflows Amid Market Recovery, Eyes 200% Target

**Arbitrum Sees Largest 48-Hour Net Inflows of $4.5 Billion Amid Market Volatility**

Arbitrum has experienced a significant surge with net inflows reaching $4.5 billion over the past 48 hours. This explosive growth highlights strong interest from both institutional and retail investors as the ecosystem stabilizes. Analysts are increasingly optimistic, expecting substantial growth in the near future.

Following the recent market meltdown, Arbitrum prices dropped below $0.13 but rebounded rapidly. At the time of writing, Arbitrum is trading at $0.334, which is nearly 20% below its value from one week ago. Despite the sharp decline, the market showed resilience and bounced back quickly.

The daily Relative Strength Index (RSI) currently stands at 36, indicating oversold conditions, which might present a buying opportunity for traders. Meanwhile, the 21-day Exponential Moving Average (EMA 21) is positioned at $0.395, a key level that market participants are closely monitoring for a potential breakout.

**Market Overview and Technical Picture**

Traders are watching Arbitrum carefully as the support level at $0.32 provides short-term assistance against further declines. However, trading volume has dropped by 37% to approximately $285 million per day, signaling caution among investors as they wait for confirmation that the current momentum is sustainable.

**Signs of a Bullish Outlook for Arbitrum**

Several analysts view the current price levels as a mispricing opportunity. Arbitrum remains the most active Layer-2 solution in the blockchain industry, processing millions of transactions daily and boasting high user and developer engagement.

Technical projections are optimistic, with forecasts suggesting that the ARB/BTC trading pair could see a target increase of around 200%. This positive outlook reinforces the belief that Arbitrum is well-positioned for substantial gains as the market recovers.

Investors and traders are advised to keep a close eye on key support and resistance levels as the ecosystem continues to evolve amid ongoing market dynamics.
https://bitcoinethereumnews.com/tech/arbitrum-records-4-5b-net-inflows-amid-market-recovery-eyes-200-target/?utm_source=rss&utm_medium=rss&utm_campaign=arbitrum-records-4-5b-net-inflows-amid-market-recovery-eyes-200-target

MAGGIE PAGANO: Cash is still king, right? Wrong

If you have heard reports of a rather sweaty woman in gym gear running around the streets of Saffron Walden brandishing a crisp £50 note and cursing under her breath, that was me.

After the gym, I had stopped off at the health food shop to stock up on a few things, giving the assistant the £50 tucked into my leggings. The assistant refused my money.

“But surely it’s legal tender,” I cried, “you can’t refuse it!”

She didn’t budge, saying that head office had told them not to take £50 notes because of fakes.

Off I went to the butcher’s shop opposite, where I know the staff, asking if they could break the note. Same again—no £50 notes accepted. But they suggested I try a bank.

Not such a bad idea. However, my bank, Barclays, closed long ago and now there are only two banks left in town.

So, I ran to Nationwide, where there was a long queue. Explaining the problem, I asked the waiting customers if I could ask the cashier to change the note. They all said yes, of course.

One gentleman took one look at my Queen’s-headed note and said with great confidence that it wasn’t a fake. That felt like a small victory.

There was so much chatter that the cashier stepped out to take a look at the offending note. He agreed it was genuine. Yeah, another victory.

“But are you a Nationwide customer?” he asked.

It felt like a trick question — and it was. Nationwide does not change money if you are not a customer.

As you can imagine, by then I was ready to raise an Essex peasants’ revolt against shops that don’t take money and banks that don’t change banknotes.

As luck would have it, one of the kind ladies in the queue opened her wallet, checked her cash, and offered to change my £50.

My first call is to the Bank of England.

**Can vendors refuse to take cash?**

Yes, says the press officer, they can. Even though cash is legal tender, it’s a concept with a narrow technical definition in law related to contracts, and no one is obliged to accept it in exchange for goods.

But why is cash usage shrinking so fast?

Is it because vendors find cash messy to deal with? Are business owners being forced by payment giants to go digital so they can be charged more? Or do people simply prefer using cards or, increasingly, mobile payment apps?

Probably a bit of each — chicken and egg.

Whatever the reason, cash is under the kibosh.

It made up just 9 per cent of payments last year, compared to being used for half of all transactions a decade ago. It is predicted to fall to 4 per cent over the next ten years.

Yet here’s the thing: what happens in emergencies?

Imagine if a cyber hack or indeed cyber warfare brings down the banks? Or if there are blackouts, as happened in Spain and Portugal recently? Or other crises, such as another lockdown or war?

Being resilient is why countries such as Norway, Sweden, and the Netherlands have warned their citizens to always keep cash in reserve. They are also introducing new legislation ensuring vendors must accept cash.

The European Central Bank (ECB) is also alert to the dangers.

All households have been advised by the ECB to store cash at home in case digital systems fail — because they will.

In contrast, the Bank of England does not have the mandate to give such warnings; that’s up to the Government.

Interesting, though, that its Governor, Andrew Bailey, told a recent Citizens’ Panel in Wolverhampton that he always carries cash with him in case of emergencies.

Does that include any £50 notes, I wonder?
https://www.thisismoney.co.uk/money/comment/article-15164391/MAGGIE-PAGANO-Cash-king-right-Wrong.html?ns_mchannel=rss&ns_campaign=1490&ito=1490