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Canada proposes stablecoin rules aligning with US, including 3-day reimbursement and 1% fee cap

Market News
27 Oct 2026, 10:05 WIB
Cointribune
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Neutral
Canada proposes stablecoin rules aligning with US, including 3-day reimbursement and 1% fee cap

Canada has opened a 60-day consultation on stablecoin regulations targeting issuers outside traditional financial institutions. The draft rules require reimbursement to holders within three business days, cap redemption fees at 1%, and ban returns or misleading claims about stablecoins being legal tender or state-backed. This framework, influenced by models from the US and other countries, aims to protect holders while balancing compliance costs and market growth. Issuers must register with the Bank of Canada, with implementation expected in fall 2027.

Regarding stablecoins regulation updates, here is Pluang's market snapshot as of Oct 27, 2026 13:41 WIB: Among 50 major cryptocurrencies priced on Pluang, 28 rose and 19 fell today. Notable movers include EGLD (MultiversX) with a price of Rp58.742 and a 1-day change of +1.59%, showing strong buy interest at 98% buy orders, while AAVE and DOT saw declines of -1.76% and -1.64% respectively. The most notable figure is EGLD's 98% buy order activity.

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