Canada Seeks Public Comment on Stablecoin Rules as US Prepares to Implement GENIUS Act

Canada published proposed stablecoin regulations in the Canada Gazette on Oct. 24, seeking public comment on reserve requirements, consumer protections, and oversight. The rules would implement the country's Stablecoin Act, which received royal assent. The move aligns with U.S. preparations to implement the GENIUS Act, signaling coordinated global oversight of digital currencies.