Canada Seeks Public Comment on Stablecoin Rules as US Prepares to Implement GENIUS Act

Canada is seeking public feedback on proposed regulations for stablecoin issuers, outlining requirements for reserve assets, consumer protections, and regulatory oversight as the country moves toward establishing a comprehensive framework for digital currencies. The proposals, published Saturday , Oct. 24, in the Canada Gazette, would implement Canada’s Stablecoin Act, which received royal assent in March 2026. The government is accepting public comments for 60 days following publication, giving industry participants and other stakeholders until late December to weigh in. The proposed rules would require stablecoin issuers operating within the framework to register with the Bank of Canada, maintain reserves backing outstanding tokens at a minimum one-to-one ratio, and establish policies governing redemption, risk management, data security, and corporate governance.

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