# Bill C-15 Related Articles

Canada moves to regulate stablecoins under central bank oversight after Bill C-15 passes

Canada's Bill C-15 has received Royal Assent, establishing a federal framework to regulate stablecoins under the oversight of the Bank of Canada. The new rules require both domestic and foreign issuers operating in Canada to register with the central bank and comply with strict reserve, redemption, and operational standards. Issuers must maintain full 1:1 cash or high-quality liquid asset reserves, allow redemptions at par value, and are prohibited from offering interest or presenting stablecoins as bank deposits. The framework, which aligns with global regulatory trends, aims to support digital payments and ensure financial stability while protecting consumers. Implementation is expected to be phased in over the next 12-18 months, with full rollout targeted for 2027.

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