TechFlow reported on November 10, 2026, that Canada’s published 2026 federal budget sets out plans to refine the country’s stablecoin regulatory framework. The report treats those items as budget proposals, not as rules already in force.
Issuance and who would be covered
As described by TechFlow, federally regulated financial institutions would be required to issue stablecoins through non-financial institution subsidiaries supervised under the Stablecoin Act. Foreign financial institutions that have not accepted Canadian prudential supervision would also be brought within the scope of the relevant law.
Bankruptcy protection and related plans
The budget, according to the same report, says the government will continue to study consumer-protection measures if a stablecoin issuer or custodian becomes bankrupt. The stated aim is greater market transparency and more consistent regulation.
Separately, Canada plans to modernize the payments system and to use related legislation against illegal cryptocurrency ATMs and financial crime.
Implementation status
TechFlow said the stablecoin measures are subsequent regulatory arrangements proposed in the budget and still require further implementation.
Original article (TechFlow, November 10, 2026, 09:44 UTC+8): https://www.techflowpost.com/zh-CN/newsletter/143822
