On November 10, 2026, TechFlow reported that the Canadian government had published its 2026 Federal Budget, which sets out plans to develop the stablecoin regulatory framework further.
Under those plans, federally regulated financial institutions would be required to issue stablecoins through non-financial subsidiaries supervised under the Stablecoin Act. Foreign financial institutions that are not subject to Canadian prudential regulation would also be brought within the scope of the relevant legislation.
The budget states that the government will continue to examine consumer-protection measures for the bankruptcy of a stablecoin issuer or custodian, with the aims of greater market transparency and more consistent regulation.
Canada also plans to modernize payment systems and to use related legislation against illegal cryptocurrency ATMs and financial crime. TechFlow noted that the stablecoin measures are subsequent regulatory arrangements proposed in the budget and still require further implementation.
Original article (published 2026-11-10 09:44 UTC+8): https://www.techflowpost.com/zh-CN/newsletter/143822
