Canada to Regulate Stablecoin Issuers Under New Framework

Canada has announced a new regulatory framework in its 2025 budget and Bill C-15, which will bring fiat-pegged stablecoin issuers under the supervision of the Bank of Canada. According to NS3.AI, the framework mandates that stablecoin issuers maintain reserve backing, ensure par-value redemption, and adhere to data security and governance standards. The detailed rules are expected to be developed over a period of up to 18 months, starting early this year, with full implementation aimed for 2027.