The Canadian government proposed amendments to the Banking Act, Trust and Lending Corporation Act, and Insurance Companies Act in its 2026 federal budget. These amendments would prohibit federally regulated financial institutions from directly issuing stablecoins, requiring them to conduct issuance activities through non-financial institution subsidiaries regulated by the Stablecoin Act. Simultaneously, Canada plans to include foreign financial institutions not subject to domestic prudential supervision within the scope of stablecoin regulation and to study measures to strengthen consumer protection in the event of bankruptcy of stablecoin issuers or custodians. The Canadian Stablecoin Act received royal assent in March of this year, and implementing regulations are still under public consultation. It is expected to officially take effect in 2027. https://www.(wublock123.com)/news/canada-ban-federal-banks-issuing-stablecoins-2027-71635