Story perspectives
Canada Considers Stablecoin Regulations Amid Capital Concerns
10/28/2025
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Story summary
- Canada is considering new stablecoins regulations, with budget updates expected on November 4.
- Government officials have engaged regulators and industry stakeholders to address the regulatory gap.
- Stablecoins pegged to the US dollar are unregulated in Canada, raising concerns of capital flowing to US markets.
- John Ruffolo, a tech lobbyist, warns that without regulation, Canadian savers may prefer US stablecoins, reducing demand for Canadian bonds.
