The post Canada plans to regulate stablecoins in 2025 federal budget appeared on BitcoinEthereumNews.com. Key Takeaways Canada intends to regulate stablecoins through its 2025 federal budget. The regulatory oversight will be administered under the Retail Payment Activities Act by the Bank of Canada. Canada plans to include stablecoin regulation in its 2025 federal budget, establishing oversight requirements for digital token issuers. The regulatory framework will be administered under the Retail Payment Activities Act, with the Bank of Canada overseeing implementation. The proposed rules will require stablecoin issuers, entities that create fiat-backed digital tokens, to implement reserve requirements and risk management protocols. Issuers must also establish redemption policies and data protection measures under the emerging framework. Canada’s approach follows the US GENIUS Act, a federal law that created comprehensive oversight for stablecoin operations. The US framework prioritizes licensed institutions for stablecoin activities, treating them similarly to traditional bank money. The Bank of Canada will align implementation with international standards as part of the regulatory rollout. Experts view Canada’s adoption of similar reserve and risk frameworks as a step toward mainstream crypto legitimacy, potentially accelerating cross-border stablecoin use. Source: https://cryptobriefing.com/canada-to-regulate-stablecoins-2025-budget/The post Canada plans to regulate stablecoins in 2025 federal budget appeared on BitcoinEthereumNews.com. Key Takeaways Canada intends to regulate stablecoins through its 2025 federal budget. The regulatory oversight will be administered under the Retail Payment Activities Act by the Bank of Canada. Canada plans to include stablecoin regulation in its 2025 federal budget, establishing oversight requirements for digital token issuers. The regulatory framework will be administered under the Retail Payment Activities Act, with the Bank of Canada overseeing implementation. The proposed rules will require stablecoin issuers, entities that create fiat-backed digital tokens, to implement reserve requirements and risk management protocols. Issuers must also establish redemption policies and data protection measures under the emerging framework. Canada’s approach follows the US GENIUS Act, a federal law that created comprehensive oversight for stablecoin operations. The US framework prioritizes licensed institutions for stablecoin activities, treating them similarly to traditional bank money. The Bank of Canada will align implementation with international standards as part of the regulatory rollout. Experts view Canada’s adoption of similar reserve and risk frameworks as a step toward mainstream crypto legitimacy, potentially accelerating cross-border stablecoin use. Source: https://cryptobriefing.com/canada-to-regulate-stablecoins-2025-budget/

Canada plans to regulate stablecoins in 2025 federal budget

Key Takeaways

  • Canada intends to regulate stablecoins through its 2025 federal budget.
  • The regulatory oversight will be administered under the Retail Payment Activities Act by the Bank of Canada.

Canada plans to include stablecoin regulation in its 2025 federal budget, establishing oversight requirements for digital token issuers. The regulatory framework will be administered under the Retail Payment Activities Act, with the Bank of Canada overseeing implementation.

The proposed rules will require stablecoin issuers, entities that create fiat-backed digital tokens, to implement reserve requirements and risk management protocols. Issuers must also establish redemption policies and data protection measures under the emerging framework.

Canada’s approach follows the US GENIUS Act, a federal law that created comprehensive oversight for stablecoin operations. The US framework prioritizes licensed institutions for stablecoin activities, treating them similarly to traditional bank money.

The Bank of Canada will align implementation with international standards as part of the regulatory rollout. Experts view Canada’s adoption of similar reserve and risk frameworks as a step toward mainstream crypto legitimacy, potentially accelerating cross-border stablecoin use.

Source: https://cryptobriefing.com/canada-to-regulate-stablecoins-2025-budget/

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