https://cryptobanking.news/jurisdictions/ca/Verified crypto-banking items for 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.htmlstablecoinsregulationhttps://cryptobanking.news/item/canada-six-banks-cad-tokenized-deposits/https://cryptobanking.news/item/canada-six-banks-cad-tokenized-deposits/Tue, 22 Sep 2026 00:00:00 GMTBMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD said on 22 September 2026 that they are jointly exploring Canadian-dollar digital money solutions, starting with tokenized deposits. The first phase aims to move tokenized deposits across Canadian financial institutions; the longer-term goal is to connect with other digital asset initiatives, and the banks expect other deposit-taking institutions to join later. The release gives no platform, launch date or customer scope. Source: https://www.nbc.ca/about-us/news-media/press-release/2026/20260922-banks-secure-tokenized-deposit-solution.htmltokenized-depositshttps://cryptobanking.news/item/osfi-tokenized-deposits-statement/https://cryptobanking.news/item/osfi-tokenized-deposits-statement/Thu, 10 Sep 2026 00:00:00 GMTCanada's federal bank supervisor OSFI issued a statement on 10 September 2026 clarifying its technology-neutral stance on permitted activities under the Bank Act, Trust and Loan Companies Act and Insurance Companies Act: the underlying technology does not determine a product's legal nature, so tokenized deposits are deposits. Institutions remain responsible for compliance, including by third parties, are expected to follow guidelines such as B-13 (technology and cyber risk) and B-10 (third-party risk), and must engage their OSFI lead supervisor before launching novel products. Source: https://www.osfi-bsif.gc.ca/en/news/statement-tokenized-other-digitally-represented-depositstokenized-depositsregulationhttps://cryptobanking.news/item/boc-joins-project-agora/https://cryptobanking.news/item/boc-joins-project-agora/Wed, 27 May 2026 00:00:00 GMTThe Bank of Canada announced on 27 May 2026 that it is joining the BIS-led Project Agorá, which combines tokenized commercial bank deposits and wholesale central bank money on a programmable multi-currency unified ledger. The project will keep testing its prototype and examine how such a platform could operate within existing rules on settlement finality and anti-money-laundering. The Bank said the project involves seven other central banks and more than 40 financial institutions. Source: https://www.bankofcanada.ca/2026/05/bank-canada-joins-bis-project-agora-test-improvements-wholesale-cross-border-payments/tokenized-depositscbdc