Jurisdiction reference
Canada
Regulator: FINTRAC / CSA. License/registration context: Registration. 3166 VASP/entity records are tracked by Plexo Institute in Canada. Official registry source: FINTRAC MSB Registry. Data last updated: 2026-08-28.
Budget announcement November 4, 2025; draft stablecoin legislation to be tabled in parliament; Bank of Canada and Department of Finance coordinating framework development; expected implementation 2026; anticipated requirements: adequate asset reserves, fiat-backed (CAD or other currencies), redemption policies, licensing regime; alignment with G7 and international standards; regulatory authorities to be determined; framework still under development.
Regulatory Status
- Jurisdiction code
- CA
- Regime
- Registration
- Regulator
- FINTRAC / CSA
- Governing law
- PCMLTFA / CSA Staff Notice 21-327
- Travel Rule
- Enforced
- Tracked entities
- 3166
- Recognized stablecoin backing
- fiat-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- CAD
Regulatory approach
Bank of Canada: Expected primary overseer of stablecoin payment system aspects, monetary policy implications, and systemic risk. Department of Finance: Provides policy framework, drafts legislation, coordinates regulatory approach. Dual federal coordination model with Bank of Canada handling operational oversight and Department of Finance setting policy direction (framework under development)
Relationship Graph
Jurisdiction FAQ
Who regulates Canada?
The current Plexo Institute record lists FINTRAC / CSA as the regulator for Canada.
How many VASPs are tracked in Canada?
3166 VASP/entity records are tracked by Plexo Institute in Canada.
What is the Travel Rule status in Canada?
The current Plexo Institute record lists the Travel Rule status for Canada as Enforced.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.