Stablecoin Act

Canada's new Stablecoin Act creates a federal registration and oversight regime for stablecoin issuers

The Stablecoin Act establishes a mandatory federal framework for anyone who creates and makes a stablecoin available for purchase in Canada (with interprovincial or international reach). No one may issue a stablecoin…

Stablecoin Act updated to add pending amendments expanding Bank of Canada oversight and violation rules

A set of amendments has been appended to the Stablecoin Act as provisions "not yet in force." These pending changes would repeal two existing sections dealing with stablecoin issuers, broaden the Bank of Canada's powe…