Canada · Regulatory regime
Canada Stablecoin Act
Stablecoin Act (SCA), Canada, and the proposed Stablecoin Regulations
Status
Proposal / consultation stage
Proposal / consultation stage
- Instrument
- Federal statute (royal assent March 2026); implementing Stablecoin Regulations proposed in the Canada Gazette, Part I (24 Oct 2026)
- Dated milestones
- 3 (0 upcoming)
- Tracked banks
- None yet
- Verified items
- 1
What it is Fact
In the words of the official source, quoted verbatim. Quotes are string-matched against the live page before every deploy.
“the government introduced the Stablecoin Act (the SCA), which received royal assent in March 2026.”
“The SCA introduces a framework for regulating the issuance of stablecoins in Canada that have interprovincial and international applications.”
“meaning it would not regulate banks; trust, loan or insurance companies; credit unions; or foreign financial institutions.”
Status is derived from the dated milestones below (a “regime in force / rules take effect” date in the past means in force). Not legal advice.
Key dates
Each date is quoted from the official text. Deadline radar · add to calendar (ICS)
60 days after Canada Gazette, Part I publication (24 Oct 2026) · provisional
Comment period on the proposed Stablecoin Regulations
“Interested persons may make representations concerning the proposed Regulations within 60 days after the date of publication of this notice.”
Comment deadline · Department of Finance Canada (opens source in new tab) · our item
Intended fall 2027 (date fixed by order of the Governor in Council) · provisional
Stablecoin Act and Stablecoin Regulations intended to come into force
“The intention is for the proposed Regulations to come into force in fall 2027.”
Rules take effect · Department of Finance Canada / Bank of Canada (opens source in new tab) · our item
Within 30 days of the Stablecoin Act coming into force · provisional
Existing stablecoin issuers must apply to the Bank of Canada to benefit from transitional relief
“so long as they file an application under the SCA within 30 days of the coming-into-force date of the SCA.”
Application deadline · Bank of Canada (opens source in new tab) · our item
Banks and initiatives
Tracked bank initiatives that cite this regime or are linked to its verified items. Three separate statuses: regulatory · technical · commercial.
No tracked bank initiative linked to this regime yet — not yet reviewed.
Verified news on Canada Stablecoin Act
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57 quote-verified items · 58 bank initiatives tracked · 16 jurisdictions
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