{
  "id": 16666460,
  "title": "Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield",
  "url": "https://urgent.news/2026/10/26/canadas-draft-stablecoin-rules-cap-redemption-fees-at-1-and-ban-yield",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T22:16:03.000Z",
  "source": {
    "name": "Decrypt",
    "slug": "decrypt",
    "url": "https://decrypt.co/381889/canada-draft-stablecoin-rules-redemption-fees-ban-yield"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Canadian government has launched a 60-day public consultation on draft stablecoin regulations, a process scheduled to conclude on December 23. According to CoinDesk, these draft rules are intended to bring the Stablecoin Act into force by prescribing the necessary elements for issuers to register with the Bank of Canada. The proposed regulations include requirements for one-to-one reserves and fast redemption, with PYMNTS reporting that non-bank issuers must hold their reserves with Canadian financial institutions.\n\nThe draft rules maintain a ban on paying interest or yield to stablecoin holders, including through third parties. CoinDesk reports that this comes as the Canadian banking industry has been pressing for a prohibition on yield payouts. While the regulations aim to uphold this ban, CoinDesk notes that some crypto exchanges in Canada are already paying rewards to holders, such as Coinbase Canada, which received permission from the Ontario Securities Commission to offer yields on certain tokens under specific risk-warning conditions.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Canada opens consultation on draft stablecoin rules, maintains ban on yields",
        "url": "https://urgent.news/2026/10/26/canada-opens-consultation-on-draft-stablecoin-rules-maintains-ban-on",
        "published": "2026-10-26T14:23:41.000Z"
      },
      {
        "outlet": "PYMNTS",
        "title": "Canada’s Draft Stablecoin Rules Uphold Ban on Yield Payments",
        "url": "https://urgent.news/2026/10/26/canadas-draft-stablecoin-rules-uphold-ban-on-yield-payments",
        "published": "2026-10-26T19:22:46.000Z"
      },
      {
        "outlet": "Finextra",
        "title": "Canada opens stablecoin consultation",
        "url": "https://urgent.news/2026/10/26/canada-opens-stablecoin-consultation",
        "published": "2026-10-26T19:38:00.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "Canada opens consultation on stablecoins, citing US GENIUS Act",
        "url": "https://urgent.news/2026/10/26/canada-opens-consultation-on-stablecoins-citing-us-genius-act",
        "published": "2026-10-26T19:47:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}