Canada's government opened a 60-day consultation on draft stablecoin rules, ending December 23, that keep the ban on yield payments while allowing transaction-based rewards. Under the draft, non-bank issuers would hold reserves equal to circulating tokens at qualified Canadian financial institutions and redeem within three business days, with fees capped at 1%. The Canadian Bankers Association supports the yield ban, while some Canadian exchanges, including Coinbase Canada, already pay rewards after receiving Ontario Securities Commission permission. The rules are expected to take effect toward the end of 2027 as banks develop tokenized deposits and Canadian-dollar stablecoins.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/25/2026 | 80,154.09 |
| Change that session | -0.91% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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