Canada Proposes Stablecoin Act Changes
Canada's Budget 2026 proposes including certain bank subsidiaries and foreign financial institutions under the Stablecoin Act while removing deposit guarantees.
Canada has introduced measures in Budget 2026 regarding digital assets and financial oversight. The federal budget proposes bringing specific bank subsidiaries and foreign financial institutions that operate outside of standard Canadian prudential supervision under the framework of the Stablecoin Act. Alongside this inclusion, the policy removes traditional deposit guarantees for these entities within the stablecoin context.
Original report: CryptoSlate ↗
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