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Canada’s Department of Finance launches a 60-day public consultation on a draft stablecoin regulatory framework, which requires 1: 1 reserves, redemption within business days, and maintains a ban on issuers paying interest or yield to holders.
Canada's Department of Finance has launched a 60-day public consultation on draft stablecoin regulations, with a deadline of December 23. The draft requires full reserves, redemption within days, and continues to prohibit issuers from paying interest to holders.
The Canadian government has released draft stablecoin regulations, proposing that eligible holders be allowed to redeem at par value and requiring issuers to process redemptions within 3 business days. The draft is currently under public consultation and is planned to take effect in the fall of 2027.