“Canada Launches Stablecoin Consultation, Eyes US GENIUS Act Alignment” — what this page in the network covers. The Canadian government has opened a public consultation on stablecoins, signaling a potential shift toward formal regulation of digital tokens issued by non-financial institutions. The move comes as Ottawa studies the proposed Stablecoin Act and draws comparisons to the US GENIUS Act, a legislative The move comes as Ottawa studies the proposed Stablecoin Act and draws comparisons to the US GENIUS Act, a legislative framework that has gained traction south of the border.
By inviting input from industry stakeholders, consumer advocates, and the general public, Canadian policymakers aim to craft rules that balance innovation with financial stability. The consultation focuses on how stablecoins—cryptocurrencies pegged to traditional assets like the Canadian dollar—should be governed when issued outside the traditional banking sector. The full version stays on the original page, which this listing opens directly.