Canada’s 2026 federal budget proposed further changes to the country’s stablecoin regulatory framework, including requiring federally regulated financial institutions to issue stablecoins through non-financial subsidiaries regulated under the Stablecoin Act, according to TechFlow’s November 10, 2026 report citing the government’s budget.
The proposal would also bring foreign financial institutions that are not subject to Canadian prudential supervision within the scope of the relevant legislation.
Consumer protection and payment-system changes
The budget said the government would continue examining protections for consumers if a stablecoin issuer or custodian becomes insolvent, with the aim of strengthening market transparency and regulatory consistency.
Canada also planned to advance payment-system modernization and pursue legislation targeting illegal cryptocurrency ATMs and financial crime.
The stablecoin measures were proposed follow-up regulatory arrangements in the budget, not finalized requirements, and remained subject to further implementation.
Source: TechFlow original report, published November 10, 2026, at 09:44:08 (UTC+8).