TLDR Canada plans to regulate fiat-backed stablecoins under its 2025 budget, focusing on reserves and redemption. Issuers must adopt risk frameworks and data protection policies to meet new federal compliance standards. Bank of Canada gets $10M over two years starting 2026 to support stablecoin oversight and enforcement. U.S. GENIUS Act passed in July influenced Canada’s [...] The post Canada to Regulate Stablecoins Under 2025 Federal Budget Plan appeared first on Blockonomi.
