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Canada opens public consultation on proposed stablecoin rules and yield ban

Canada launched a 60-day public consultation on draft stablecoin regulations. The Department of Finance published the proposal in the Canada Gazette.

  • Canada started a 60-day public consultation on proposed stablecoin regulations closing on December 23, 2026.
  • The draft regulations prohibit issuers from paying interest or yield simply for holding stablecoins.
  • Redemption fees are capped at 1% with a three-business-day processing window for fiat transfers.
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