Canada moves crypto closer to core finance as stablecoin rules and oversight tighten

Canada has moved parts of the crypto sector closer to its core financial system over the past year, pairing new stablecoin rules with tougher registration and reporting expectations. In November, stablecoin regulation under the Canada Stablecoin Act gave the Bank of Canada authority to oversee stablecoins, while regulators also advanced updates affecting crypto funds, custody and cold storage. Industry participants say the approach raises compliance standards but leaves ongoing tension over how fast and how broadly crypto should be integrated.