Canada Publishes Draft Stablecoin Regulations
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On October 26, 2026, Canada published draft stablecoin regulations in the Canada Gazette and launched a 60-day public consultation. The draft proposes prohibiting issuers from providing returns to holders, directly or indirectly, and requiring non-bank issuers to hold reserve assets at a bank; issuers must register with the Bank of Canada, back each stablecoin at least 1:1 with highly liquid assets denominated in the reference currency, and redeem it at par. Finance Canada expects the regulatory framework to take effect in 2027.
AI-written from reports · updated 3 hours ago
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- CryptopolitanSelectedCanada’s stablecoin regulatory draft would ban yield and require non-bank issuers to hold reserves at banks
Canada has published a draft stablecoin regulatory framework in the Canada Gazette, proposing to prohibit issuers from providing yield to holders, directly or indirectly, and requiring non-bank issuers to hold reserve assets at banks. The draft also requires issuers to register with the Bank of Canada, back each stablecoin at least 1:1 with highly liquid assets denominated in the reference currency, and redeem it at par. A 60-day public consultation has opened, and Finance Canada expects the regulatory framework to take effect in 2027.
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