CryptoBanking.newsInstitutional intelligence. Real progress.

Get the briefing

Regulator · Canada

Department of Finance Canada

Canada jurisdiction page

Follow Department of Finance Canada via RSS

1 verified item · Official site: www.canada.ca/en/department-finance.html ↗

Regulatory dates

60 days after Canada Gazette, Part I publication (24 Oct 2026)Comment period on the proposed Stablecoin Regulations
Intended fall 2027 (date fixed by order of the Governor in Council)Stablecoin Act and Stablecoin Regulations intended to come into force
Within 30 days of the Stablecoin Act coming into forceExisting stablecoin issuers must apply to the Bank of Canada to benefit from transitional relief

Coverage

24 Oct 2026T1RegulatorCanada
Canada publishes draft Stablecoin Regulations: Bank of Canada registration, 1:1 reserves, three-day redemption, in force targeted for fall 2027
The Department of Finance Canada pre-published the proposed Stablecoin Regulations in the Canada Gazette, Part I on 24 October 2026. They are needed to bring into force the Stablecoin Act, which received royal assent in March 2026, under which non-financial-institution issuers must register with the Bank of Canada, hold a 1:1 reserve in the reference currency and redeem at par. The draft limits reserves to high-quality liquid assets (demand deposits, government debt of three months or less, one-day reverse repos and qualifying money market funds), requires redemption within three business days, caps redemption fees at 1%, bans interest or yield tied to holding a stablecoin, and requires reserves to be held at a Canadian-incorporated qualified custodian. Related amendments bring stablecoin payment service providers under the Retail Payment Activities Act. Comments are open for 60 days.
Department of Finance Canada (Canada Gazette, Part I)