Canada plans to expand stablecoin regulation, requiring banks to issue through non-financial subsidiaries.
Original headline加拿大拟扩大稳定币监管范围，要求银行通过非金融子公司发行
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Canada’s 2026 federal budget proposes expanding stablecoin oversight by requiring federally regulated financial institutions to issue stablecoins through non-financial subsidiaries governed by the Stablecoin Act, while bringing foreign financial institutions not subject to Canadian prudential supervision into the law’s scope. The plan also calls for further study of consumer protections in cases where a stablecoin issuer or custodian becomes insolvent, aiming to improve market transparency and regulatory consistency. Ottawa additionally intends to modernize the payments system and introduce legislation targeting illegal crypto ATMs and financial crime. The stablecoin measures are follow-on regulatory arrangements in the budget and still require further implementation.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Canada, Stablecoin Act, federally regulated financial institutions, foreign financial institutions