Mining, used in proof-of-work networks, and validation, used in proof-of-stake networks, are two ways that networks agree which transactions are added. Proof-of-work uses computing effort, while proof-of-stake uses crypto locked up as a stake.
The CSA is the umbrella body of Canada's provincial and territorial securities regulators. It coordinates national rules and publishes investor guidance, including on crypto assets.
According to the Bank of Canada, stablecoins must be fully backed by high-quality liquid assets and redeemable at par value. Issuers must also operate in ways that protect users and the financial system.
A private key is a secret piece of data that signs transactions and shows that the owner authorized them. Anyone who gets the private key can usually move the funds, which is why it is treated as the main security point.
The Stablecoin Act is a federal law enacted in 2026 as part of Bill C-15. According to the Justice Laws Website, it creates a framework for stablecoin issuers, with the Bank of Canada as supervisor.