CryptoSlate reports that Canada’s Budget 2026 proposes allowing bank subsidiaries and foreign financial institutions to operate under the Stablecoin Act, but without deposit guarantees. This move could reshape the landscape for stablecoin regulation in the country, raising questions about consumer protection and financial stability. The implications of this change remain to be seen as the government seeks to adapt to evolving financial technologies.
Based on the CryptoSlate report; not independently verified.
Source published: Tue, 10 Nov 2026 00:40:28 +0000
[Read the original report](https://cryptoslate.com/canada-opens-bank-stablecoin-access-but-strips-deposit-guarantees/)
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