Canada to Announce Nationwide Stablecoin Regulations in November Budget

Canada is finalizing comprehensive stablecoin regulations, set to be unveiled in the upcoming federal budget this November. The MOVE aligns with the U.S. GENIUS Act, signaling a coordinated North American approach to digital asset oversight. Government officials confirm the framework follows extensive consultations between federal regulators, provincial authorities, and industry stakeholders.

The current regulatory landscape remains fragmented, with stablecoins classified inconsistently across jurisdictions. While Canadian authorities have treated them as securities or derivatives, the new rules are expected to adopt a payment-focused definition mirroring international standards. This shift could resolve long-standing ambiguities that have hindered market growth.

"We're moving to regulate stablecoins so consumers can benefit while being protected from credit and liquidity risks," stated a senior Payments Executive during recent remarks. The timing reflects urgency to establish clarity following the U.S. stablecoin legislation enacted earlier this year.