The department issued a request for proposal for consulting services related to technologies including stablecoins, decentralized finance and central bank-issued digital currencies (CBDCs). Politico first reported the RFP. (The Logic, Politico)

Talking point: The work would be part of the government’s legislative review focused on “the digitalization of money” and will influence the federal government’s position on crypto as activity in the sector heats up. Work at the Bank of Canada on a potential CBDC has accelerated, although it has said there is no “compelling need” to issue one. Meanwhile, companies like Binance have capitalized on the differing regulatory approaches across provinces, scaling up in Alberta after exiting Ontario under pressure from the Ontario Securities Commission. Canada doesn’t yet have laws specifically addressing stablecoins, the oversight of which has grown more pressing after the high-profile collapse of TerraUSD and Luna in May.