According to Cointelegraph, the Canadian government is opening a consultation on stablecoins as it considers implementing its Stablecoin Act. The consultation will focus on tokens issued by non-financial institutions and aims to gather input before finalizing regulatory guidance.
The move references Canada’s consideration of provisions similar to those in the US GENIUS Act, though no formal alignment or adoption of US legislation is indicated. The government seeks public input as part of the broader process for developing a framework governing stablecoin offerings from entities outside traditional financial institutions.
