Under the draft rules, non-bank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within three business days.
Bitcoin was little changed near $80,400 since midnight UTC while the DeFi index was the only CoinDesk index to gain, with the Fed due to decide on Wednesday.
The large number of coins held in unidentified wallets shows that retail investors have been in this market for years, observers said. But this interpretation comes with a caveat.
The Mumbai-based exchange initially dismissed reports of suspicious outflows as a false alarm. It now says it lost $16 million and will absorb the loss.
Attackers replaced legitimate transactions with fake ones, then waited for users to approve higher fees. At least one person lost bitcoin before developers patched the flaw.
Economics Minister Viktors Valainis says rules could arrive in the first half of next year, but an overdue assessment remains unfinished and no sovereign-bond issuance was identified.
The U.K. claims to aspire to become a global cryptocurrency hub, an ambition that would appear to be at odds with the attitude to crypto purchases of its major banks.
Some of the world's biggest companies objected to being listed on the first tokenized securities trading venue under the SEC's innovation exemption. But the early pushback may say more about issuer caution than about rejection of tokenization itself.
