With the recent Royal Assent of Bill C-15, Canada is moving forward on a framework for stablecoins. The Department of Finance has begun the development of regulations to support safe, reliable digital payment options for Canadians.
Finance Canada announced Royal Assent of Bill C-15, launching a regulatory framework for fiat-backed stablecoins issued by non-bank entities to enable safer digital payments and international transfers.
The framework, administered by the Bank of Canada, requires 1:1 high-quality reserves, segregation of assets, redemption at par, and AML compliance, with regulations expected to take effect in 2027 after consultations.
Public replies express widespread skepticism, with many users viewing it as a step toward CBDC-style surveillance and control rather than innovation, favoring Bitcoin or existing systems like Interac.
With the recent Royal Assent of Bill C-15, Canada is moving forward on a framework for stablecoins. The Department of Finance has begun the development of regulations to support safe, reliable digital payment options for Canadians. pic.twitter.com/D9vGhAlHwn
— Finance Canada (@FinanceCanada) April 2, 2026
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