Canada's draft stablecoin rules
Canada’s draft stablecoin rules, released on 24 Oct 2026, mandate one‑to‑one reserves for each coin, redeemability within three business days, a 1 % maximum redemption fee, and prohibit interest or indirect yield on holdings. Issuers must keep reserves in a Canadian custodian’s separate account and can only earn on the reserves themselves. The Bank of Canada will register and supervise issuers; penalties rise to C$10 million for serious breaches. The rules target stablecoins that compete with bank deposits and are intended to take effect in fall 2027. Canada launched a 60‑day public consultation on draft stablecoin rules The Canadian government's Department of Finance launched a 60‑day public consultation on draft stablecoin rules The draft regulations prescribe the elements needed for issuers to register with the Bank of Canada· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- Canada's draft stablecoin rulesPRESCRIBES REGISTRATION WITHBank of Canada
The draft regulations prescribe the elements needed for issuers to register with the Bank of Canada
- CanadaLAUNCHESCanada's draft stablecoin rules
Canada launched a 60‑day public consultation on draft stablecoin rules
- Canadian government's Department of FinanceLAUNCHESCanada's draft stablecoin rules
The Canadian government's Department of Finance launched a 60‑day public consultation on draft stablecoin rules
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.