CAP
−12.3%Canada opens public consultation on proposed stablecoin rules and yield ban
Image: Crypto.newsCanada launched a 60-day public consultation on draft stablecoin regulations. The Department of Finance published the proposal in the Canada Gazette. The rules require 1:1 backing, Canadian-held reserves, and at-par redemption with a 1% fee cap. Issuers cannot pay yield just for holding the tokens. The consultation runs until December 23, 2026. Non-bank issuers must register with the Bank of Canada. The framework applies to foreign non-financial issuers serving Canadians.
Key points
- 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.
- Non-bank issuers would be required to register with the Bank of Canada under the framework.
Why it matters
The proposed framework sets clear reserve standards, redemption terms, and registration paths for stablecoin issuers operating in Canada.
Price context · CAP
At publication
$0.0989
Now
$0.0965
Change since
−2.48%
7 days · dashed line = publication
Sources · 4 publishers
Crypto Briefing
Tier 2
Canada opens consultation on stablecoin rules, keeps the yield ban in place
Crypto.news
Tier 2
Canada opens 60-day stablecoin consultation while keeping yield ban
Decrypt
Tier 1
Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield
Coverage timeline
- First reported by CoinDesk
- Also reported by Crypto Briefing
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
