Canada to Regulate Stablecoins as Global Trend Emerges

Canada is taking steps towards establishing new regulations for stablecoins following a trend observed globally. Sources indicate the country’s federal government intends to unveil these regulations in its upcoming budget, which may be announced as early as November 4th. These regulations are expected to mirror the United States’ approach after the passing of the GENIUS Act. The discussions between government officials and industry experts have been ongoing for several weeks leading up to this anticipated announcement.