Canada Proposes New Stablecoin Rules: 1% Fee Cap and Yield Prohibition
The Canadian government has launched a 60-day consultation period for draft rules governing stablecoin issuers, set to take effect October 26, 2026. The proposed framework aims to bolster consumer protection by mandating one-to-one reserves of high-quality, liquid assets and ensuring rapid redemption processes.
A key aspect of the draft regulation is a 1% cap on redemption fees, alongside a prohibition on stablecoin issuers offering interest or yield. This move is intended to classify stablecoins as payment instruments rather than investment vehicles. The rules will apply to major stablecoins operating in Canada, including those on Ethereum, Solana, and Polygon networks.
https://cryptovka.com/news/canada-proposes-new-stablecoin-rules-1-fee-cap-and-yield-prohibition
cryptovka-news / Cryptovka | News | CryptoMarket & Blockchain
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2026-10-26 22:17:46 UTC
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2026-10-26 22:17:46 UTCEvent JSON
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"content": "Canada Proposes New Stablecoin Rules: 1% Fee Cap and Yield Prohibition\n\nThe Canadian government has launched a 60-day consultation period for draft rules governing stablecoin issuers, set to take effect October 26, 2026. The proposed framework aims to bolster consumer protection by mandating one-to-one reserves of high-quality, liquid assets and ensuring rapid redemption processes.\n\nA key aspect of the draft regulation is a 1% cap on redemption fees, alongside a prohibition on stablecoin issuers offering interest or yield. This move is intended to classify stablecoins as payment instruments rather than investment vehicles. The rules will apply to major stablecoins operating in Canada, including those on Ethereum, Solana, and Polygon networks.\n\nhttps://cryptovka.com/news/canada-proposes-new-stablecoin-rules-1-fee-cap-and-yield-prohibition",
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