Wu Blockchain has learned that the Canadian Department of Finance has officially announced a regulatory framework for stablecoins, introducing the 'Stablecoin Act' through the 2025 Budget Implementation Act. Under the framework, issuers of fiat-backed stablecoins targeting Canadian users must register with the Bank of Canada and undergo ongoing prudential supervision. Issuers are required to maintain a 1:1 reserve of high-quality liquid assets, provide a redemption mechanism at face value, and establish corporate governance, risk management, and data security systems. The new regulations apply to both domestic and foreign non-financial institution issuers and are expected to take effect in 2027. https://(wublock123.com)/news/canada-stablecoin-bill-1-to-1-reserve-and-central-bank-registration-59073