Three countries moved on stablecoin regulation in the same week, in the same direction: issuers must prove reserves, honour redemptions, and be able to freeze tokens when the law says so. Canada published proposed stablecoin regulations for public comment, Britain's FCA opened a dedicated stablecoin cohort inside its Regulatory Sandbox, and the US GENIUS Act regime takes effect January 18,...
Canada Opens 60-Day Stablecoin Consultation and Keeps Yield Ban
Canada has opened a 60-day public consultation on draft stablecoin regulations that would keep a ban on yield payments, require one-to-one reserve backing, and require non-bank issuers to register with the Bank of Canada.
The Department of Finance Canada published the draft regulations in the Canada Gazette, Part I, on 24 October...
