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Bank of Canada says stablecoins rules could be introduced by mid or late 2027

Kitco Media
By Reuters
Published:
Updated:
Reuters
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OTTAWA, May 6 (Reuters) - The Bank of ​Canada said on ‌Wednesday that the regulations for Canada-based ​stablecoins could ​be launched by mid ⁠or late ​2027.

"The process of ​designing the regulations is well underway right now," ​Senior Deputy ​Governor Carolyn Rogers said ‌in ⁠testimony to Canada's Senate.

She said the plan to ​introduce ​the ⁠regulations by early 2027 ​was ambitious and ​it ⁠could be launched by mid ⁠or ​late ​2027.

Reporting by Promit Mukherjee; Editing ​by Chris Reese

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