Wire · regulatory
Canada Opens 60-Day Stablecoin Consultation, Caps Redemption Fees At 1% And Bars Interest
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Fusion42 · 27 October 2026 · Fusion42 review
Canada has opened a 60-day consultation on draft stablecoin regulations that cap redemption fees at 1%, ban interest payments, require issuers to hold full reserves, and mandate registration with the Bank of Canada. These rules aim to align with US and other jurisdictions' frameworks, with an expected implementation in fall 2027.
This Wire brief sits within Fusion42's coverage of Fintech, and 4 sources have reported it.
◆ ◆ The Wire takeaway
You must plan for a no-yield stablecoin market under Canadian law, stopping interest offers and limiting fees to 1%. Meeting Bank of Canada registration and reserve rules will be essential to operate legally in Canada.
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4 sources · 26 Oct 2026
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