Americas · Jurisdiction
Canada
- verified items
- 4
- tracked initiatives
- 1
- banks with licence / notification
- 0
- upcoming dated deadlines
- 0
What banks are doing (observed)
Observed in verified tracker records — what banks in this market have verifiably been authorised for or launched. Not legal advice; open each source for scope.
No authorised or live bank initiative in our verified data for this market.
Key rules & official statements
Verbatim from regulator, central bank and standard-setter sources (Tier 1). Quotes are string-matched against the live page before every deploy.
Regime pages: Canada Stablecoin Act
- T1RegulatorCanadaCanada publishes draft Stablecoin Regulations: Bank of Canada registration, 1:1 reserves, three-day redemption, in force targeted for fall 2027
“The intention is for the proposed Regulations to come into force in fall 2027.”
Department of Finance Canada (Canada Gazette, Part I) (opens source in new tab) · Proposed rule
- T1RegulatorCanadaOSFI: tokenized deposits are not legally distinct from traditional deposits
“Tokenized deposits are, for example, not legally distinct from traditional deposits.”
Office of the Superintendent of Financial Institutions (Canada) (opens source in new tab) · Supervisory update
- T1RegulatorCanadaBank of Canada joins BIS Project Agorá to test tokenized wholesale cross-border payments
“Tokenization has the potential to make these payments faster, cheaper and more efficient and secure.”
Bank of Canada (opens source in new tab) · Initiative expansion
Deadlines & key dates
Dates are quoted from the official text; undated rules are shown as stated. All deadlines
60 days after Canada Gazette, Part I publication (24 Oct 2026)
Comment period on the proposed Stablecoin Regulations
Stablecoin Act (Canada) · Comment deadline · Department of Finance Canada (opens source in new tab)
Intended fall 2027 (date fixed by order of the Governor in Council)
Stablecoin Act and Stablecoin Regulations intended to come into force
Stablecoin Act (Canada) · Rules take effect · Department of Finance Canada / Bank of Canada (opens source in new tab)
Within 30 days of the Stablecoin Act coming into force
Existing stablecoin issuers must apply to the Bank of Canada to benefit from transitional relief
Stablecoin Act (Canada) · Application deadline · Bank of Canada (opens source in new tab)
Licensed / notified banks
Banks whose initiative carries a regulator record (authorisation) or a MiCA Art. 60 notification in our tracker.
None in our verified data.
Tracked bank initiatives
BMO, CIBC, National Bank of Canada, RBC, Scotiabank, TD Bank Group
Six-bank Canadian-dollar tokenized deposit initiative
UnknownUnknownAnnounced / exploring
Latest verified items
- T1RegulatorCanada
Canada publishes draft Stablecoin Regulations: Bank of Canada registration, 1:1 reserves, three-day redemption, in force targeted for fall 2027
- T2Bank / FMICanada
Canada's six largest banks jointly explore a Canadian-dollar tokenized deposit solution
- T1RegulatorCanada
OSFI: tokenized deposits are not legally distinct from traditional deposits
- T1RegulatorCanada
Bank of Canada joins BIS Project Agorá to test tokenized wholesale cross-border payments
Authorities: Bank of Canada · Office of the Superintendent of Financial Institutions (Canada) · Department of Finance Canada
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57 quote-verified items · 58 bank initiatives tracked · 16 jurisdictions
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