Canada opens bank stablecoin access, but strips deposit guarantees

मुख्य बातें

• Canada's Budget 2026 includes proposals to expand access to its Stablecoin Act.
• Under the plan, bank subsidiaries along with foreign financial institutions operating outside Canadian prudential supervision will be brought into the regulatory framework.
• However, the government intends to strip deposit guarantees for these entities, altering the safety coverage for stablecoin issuers under this new structure.

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