Canada published draft stablecoin regulations on October 24, opening a 60-day comment period that runs to about December 23, with the rules targeted to take effect in fall 2027. Under the draft, issuers must hold one-to-one reserves with Canadian custodians, redeem coins within three business days with fees capped at 1%, and cannot pay interest for holding a coin, including through third-party arrangements. The Bank of Canada would register and supervise issuers, with penalties of up to C$10 million for very serious violations, and the notice assumes about five issuers and 30 other payment companies would fall under oversight. The Stablecoin Act became law on March 26, 2026. The article also notes that the U.S. GENIUS Act, signed July 18, 2025, likewise bars issuers from paying interest to holders.
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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% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/25/2026 | 2,329.87 |
| Change that session | -1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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