Here is what the page “Canada’s Draft Stablecoin Rules: 1% Redemption Fee Cap and Yield Ban” contains. Ottawa has unveiled draft stablecoin regulations, launching a 60-day public consultation on rules that would require issuers to maintain one-to-one reserves and offer fast redemption to holders. The proposal, announced by Canadian financial authorities, also keeps in place a ban on paying interest o The proposal, announced by Canadian financial authorities, also keeps in place a ban on paying interest or yield to stablecoin users, a policy that aligns with the country’s cautious approach to crypto assets.
The draft rules cap redemption fees at 1%, aiming to protect consumers from excessive charges when converting stablecoins back to fiat currency. These measures come as global regulators intensify scrutiny of stablecoins, which are seen as critical infrastructure for digital asset markets. The one-to-one reserve requirement is designed to ensure that stablecoins are fully backed by liquid assets, reducing the risk of runs or insolvency. The full version stays on the original page, which this listing opens directly.