COINTELEGRAPH · 2026-10-26 19:47 UTC

Canada opens consultation on stablecoins, citing US GENIUS Act

Canada opened a 60-day public consultation on stablecoin regulations for non-financial institution issuers, with a deadline of Dec. 23. Proposed rules would prohibit yield payments, require redemption within 3 business days, cap fees at 1%, and mandate registration with the Bank of Canada. Regulations are intended to align with US GENIUS Act and EU MiCA frameworks, with implementation targeted for fall 2027.

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