Canadian Government
Canada to examine crypto, stablecoins, and CBDCs in new budget
The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget. The government’s “2022 Fall Economic Statement” released on Nov. 3 by Deputy Prime Minister Chrystia Freeland works as a fiscal update in conjunction with its main yearly budget. The statement included a small section on “Addressing the Digitalization of Money” that outlined the government’s crypto plans. It said the rise in cryptocurrencies and money digitalization is “transforming financial systems in Canada and around the world” and the country’s financial system regulation “needs to keep pace.” The statement opined that money digitalization “poses a challenge to democratic institutions around the world” h...
Mass grave reopens wounds among indigenous survivors of colonial Canadian school system
The discovery of the remains of 215 children at a former residential school in Canada has reopened wounds for survivors of the system, they said, as the government pledged to spend previously promised money to search for more unmarked graves. The Tk’emlúps te Secwépemc indigenous nation in British Columbia announced last week it had found the remains of 215 children, some as young as three, buried at the site of the Kamloops Indian Residential School, once Canada’s largest such school. Between 1831 and 1996, Canada’s residential school system forcibly separated about 150,000 children from their homes and subjected them to abuse, rape and malnutrition at schools across the country in what the Truth and Reconciliation Commission in 2015 called “cultural genocide”. Run by the government and c...
