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, like bank notes or money on deposit at banks," Macklem said. "A stablecoin must be pegged at a one-to-one ratio to a central bank currency and be backed by high-quality liquid assets. #Canada $BTC