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VERSABANK APPLAUDS CANADIAN PRIME MINISTER MARK CARNEY AND FINANCE MINISTER FRANÇOIS-PHILIPPE CHAMPAGNE ON PLANNED STABLECOIN REGULATION / BANK INITIATES COLLABORATIONS FOR STABLECOIN CUSTODY SOLUTIONS
VERSABANK APPLAUDS CANADIAN PRIME MINISTER MARK CARNEY AND FINANCE MINISTER FRANÇOIS-PHILIPP...
About this update from Versabank
[{"type":"text","content":"\n\n\nVERSABANK APPLAUDS CANADIAN PRIME MINISTER MARK CARNEY AND FINANCE MINISTER FRANÇOIS-PHILIPPE CHAMPAGNE ON PLANNED STABLECOIN REGULATION / BANK INITIATES COLLABORATIONS FOR STABLECOIN CUSTODY SOLUTIONS\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n– Planned Stablecoin Regulation in Canada Supports Potential New Revenue Stream for VersaBank as Bank Advances Toward Commercialization of its Proprietary Tokenized Deposit Opportunity –\nLONDON, ON, Nov. 20, 2025 /CNW/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today applauded Canadian Prime Minister Mark Carney and Finance Minister François-Philippe Champagne on the planned regulation of stablecoins outlined in the 2025 Federal Budget (\"the Budget\"), which the Bank believes will enable Canada to reap significant economic benefit by continuing its global leadership in the banking and finance industries. With the passage of the Budget on November 17, 2025, VersaBank has initiated collaborations with third-party stablecoin issuers on national bank-based, SOC2 Type 1-certified custody solutions that are consistent with the government's planned regulation for stablecoins in Canada.\n\n\n\n\n\n\n\n\"VersaBank is the only federally licensed custodian in Canada with fully functional, military-grade technology designed specifically for the protection of digital assets – our own, internally developed VersaVault®,\" said David Taylor, founder and President, VersaBank. \"VersaVault® is entirely unique in its technological approach to the security of digital assets with proven performance an...