Evidence record
Canada's Budget 2026: federally regulated banks would issue stablecoins only through Stablecoin Act subsidiaries
Read the item · published 2026-11-05
Evidence
- Confidence
- High Primary source (regulator / official record); quote string-matched against the live page.
- Quote verified
- 2026-11-13 11:59 UTC
- Archived snapshot
- SHA-256
c1054d6aa34ecee489546e71aec18a0f66ca93356c54a233a6e3e3d2fe2354d2· fetched 2026-11-09 · Wayback Machine copy ↗ - Source type
- Primary Department of Finance Canada (Budget 2026) ↗
… non-financial institution subsidiaries regulated under the Stablecoin Act and extend the Stablecoin Act to foreign financial institutions that are not prudentially regulated in Canada, to promote consistent regulatory treatment across stablecoin issuers. Continue to engage with stakeholders on options to strengthen consumer protections in the event of stablecoin issuer or custodian insolvency, while supporting responsible innovation in the stablecoin market. Spotlight on gender and diversity impacts Budget 2026 will help expand access to skills and economic opportunities as Canada builds a more clean and competitive economy, by: Expanding access to reliable, clean electricity with measures under the Nat …
Change log (1)
- 2026-11-09 Published
Verified quotes
“Continue to engage with stakeholders on options to strengthen consumer protections in the event of stablecoin issuer or custodian insolvency, while supporting responsible innovation in the stablecoin market.”
“Require federally regulated financial institutions to issue stablecoins through non-financial institution subsidiaries regulated under the Stablecoin Act and extend the Stablecoin Act to foreign financial institutions that are not prudentially regulated in Canada, to promote consistent regulatory treatment across stablecoin issuers.”
“supporting the launch of a new fast-payment system called the Real-Time Rail on November 9, 2026”
String-matched against https://budget.canada.ca/2026/report-rapport/chap1-en.html by our verifier before every deploy.
AI-drafted from the primary source; quote string-matched against the live source page · AI-assisted