Canada Seeks Public Input on New Stablecoin Regulations Inspired by U.S. GENIUS Act

10/26/2026

Canada has begun a 60-day public consultation on proposed stablecoin rules targeting issuers that are not financial institutions. The draft framework, published by the federal government through...

10/26/2026

As part of the potential implementation of its Stablecoin Act, the Canadian government will hear from the public on a proposed framework for tokens from non-financial institutions.

10/26/2026

Under the draft rules, non-bank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within three business days.

10/26/2026

Canada has proposed new rules for stablecoin issuers that would require full reserve backing, establish redemption timelines, and strengthen federal oversight