{"id":539414,"date":"2026-06-03T19:57:02","date_gmt":"2026-06-03T18:57:02","guid":{"rendered":"https:\/\/cryptoslate.com\/?post_type=crypto_law&p=539414"},"modified":"2026-06-05T16:51:27","modified_gmt":"2026-06-05T15:51:27","slug":"canada-stablecoin-act","status":"publish","type":"crypto_law","link":"https:\/\/cryptoslate.com\/crypto-laws\/canada-stablecoin-act\/","title":{"rendered":"Canada Stablecoin Act"},"content":{"rendered":"

Canada\u2019s Stablecoin Act<\/a> is a federal statute for fiat-backed stablecoin issuance. It was enacted through Division 45 of Part 5 of Bill C-15<\/a>, the Budget 2025 Implementation Act, No. 1, and received Royal Assent on March 26, 2026. As of June 3, 2026, the Act has been enacted but its operative provisions are not yet in force; the Justice Laws version states that the Act will come into force on a day or days fixed by Governor in Council order.<\/p>\n

Canada stablecoin regulation: scope<\/h3>\n

The Act defines a stablecoin as a digital asset designed to maintain a stable value relative to one fiat currency. Its main focus is issuance by non-financial institution issuers whose stablecoins have, or could reasonably be expected to have, interprovincial or international applications. The framework does not apply to closed-loop stablecoins, central bank issuers, or financial institutions unless regulations change the scope. The Department of Finance<\/a> states that the framework applies to domestic and foreign issuers that make fiat-backed stablecoins available to Canadians and does not distinguish between Canadian-dollar and foreign-currency stablecoins.<\/p>\n

Key requirements for stablecoin issuers<\/h3>\n

The Act creates a Bank of Canada registry for issuers. A person may not issue an in-scope stablecoin unless it complies with the Act and is listed on the Bank\u2019s public registry. Applications must include ownership, organizational, technology, redemption, reserve, financial, governance, risk management, data security, and recovery and resolution information.<\/p>\n