Canada to Regulate Stablecoins in 2025 Federal Budget
- Canada plans to regulate stablecoins through its 2025 federal budget.
- The regulatory framework will be administered under the Retail Payment Activities Act by the Bank of Canada.
- The proposed rules require stablecoin issuers to implement reserve requirements and risk management protocols.
- Issuers must also establish redemption policies and data protection measures.
- This initiative aligns with international standards and follows the US GENIUS Act’s comprehensive oversight for stablecoin operations.
Canada’s planned regulation of stablecoins, set for inclusion in the 2025 federal budget, will be overseen by the Bank of Canada. The framework mandates reserve requirements and risk management for issuers, aligning with international standards similar to those in the US.
Source (3.2)https://cryptobriefing.com/canada-to-regulate-stablecoins-2025-budget/?rand=59535
