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Canada Accelerates Stablecoin Regulation Ahead of Budget Announcement

Canada Accelerates Stablecoin Regulation Ahead of Budget Announcement

Author:

Global Cryptocurrency

Published:

2025-10-27 20:14:02

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BTCCSquare news:

Canada is fast-tracking its stablecoin regulatory framework in a bid to maintain financial sovereignty and compete with the United States. The rules, expected to be unveiled in the November 4 federal budget, follow weeks of closed-door consultations with regulators and industry players.

Finance Minister François-Philippe Champagne will present the budget, which policymakers hope will address growing concerns about capital flight to U.S. dollar-backed tokens. The MOVE reflects Ottawa's urgency to establish clear guidelines for the rapidly evolving stablecoin market.

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