Original sourceMoney.ca
Summary
Canada’s Stablecoin Act was passed on March 26, 2026, establishing the country’s first federal regulatory framework for stablecoins. The Act requires stablecoin issuers to register with the Bank of Canada and be subject to ongoing supervision, mandates 1:1 full reserve backing with fiat currency he…
Key points
- Crypto businesses with operations in Canada must immediately begin compliance assessments.
- Canada has taken the lead in establishing a national-level stablecoin regulatory regime, offering a reference model for other countries.
- Entities providing stablecoin services in Canada must ensure that issuers are registered and that products do not offer deposit-like yield.
Editorial note
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