Bank of Canada says stablecoin rules may be introduced in mid-to-late 2027

The Bank of Canada (BoC) has indicated that regulations for Canada-based stablecoins could be introduced in the middle or latter half of 2027, Reuters reported. During testimony before the Canadian Senate, BoC Senior Deputy Governor Carolyn Rogers stated that while significant work on the regulatory design is underway, the original plan to introduce the rules in early 2027 was ambitious. She explained that the actual implementation is more likely to occur in mid or late 2027.