Regulator: Bank of Canada, Department of Finance Canada
Budget announcement November 4, 2025; draft stablecoin legislation to be tabled in parliament; Bank of Canada and Department of Finance coordinating framework development; expected implementation 2026; anticipated requirements: adequate asset reserves, fiat-backed (CAD or other currencies), redemption policies, licensing regime; alignment with G7 and international standards; regulatory authorities to be determined; framework still under development.
MSB Registration and Compliance (FINTRAC) - https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory
Stablecoin-Legislation Development - https://www.morningstar.com/news/dow-jones/202506265820/canada-working-on-regulations-for-stablecoins-bank-regulator-set-to-implement-guardrails
Capital and Liquidity Treatment of Crypto-asset Exposures (Banking) and (Insurance) Guideline (Enacted - Will be in force in 2026) - https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/capital-liquidity-treatment-crypto-asset-exposures-banking-guideline
