https://cryptobanking.news/entity/finance-canada/Verified items mentioning Department of Finance Canadahttps://cryptobanking.news/item/canada-proposed-stablecoin-regulations/https://cryptobanking.news/item/canada-proposed-stablecoin-regulations/Sat, 24 Oct 2026 00:00:00 GMTThe 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. Source: https://gazette.gc.ca/rp-pr/p1/2026/2026-10-24/html/reg1-eng.htmlstablecoinsregulation