Coin Bureau|Oct 26, 2026 15:48
JUST IN: 🇨🇦Canada opens consultation on STABLECOIN rules draft but maintains its BAN on interest and yield payments to holders.
The proposed framework requires:
- 1:1 reserves held at qualified Canadian financial institutions.
- Users must be able to exchange stablecoins for cash within THREE business days.
- Fees for converting stablecoins back into cash capped at 1%.
The 60-day consultation ends December 23, with the rules expected to take effect in late 2027.
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