On November 10, 2026, TechFlow reported that, according to the Canadian government’s published 2026 Federal Budget, Canada plans to further develop its stablecoin regulatory framework. The report treats the stablecoin items as follow-on regulatory arrangements proposed in the budget that still require further implementation.
Under those plans, federally regulated financial institutions would be required to issue stablecoins through non-financial-institution subsidiaries regulated under the Stablecoin Act. Foreign financial institutions that have not come under Canadian prudential supervision would be brought within the scope of the relevant law.
The budget also says the government will continue studying consumer-protection measures for the bankruptcy of a stablecoin issuer or custodian, with the aim of strengthening market transparency and regulatory consistency. Separately, Canada plans to advance modernization of the payments system and to use legislation against illicit cryptocurrency ATMs and financial crime.
Original report (published 2026-11-10 09:44 UTC+8): TechFlow.
