Stablecoin Act (S.C. 2026, c. 3, s. 600)

AMENDMENTS NOT IN FORCE

• — 2026, c. 22, s. 32

  • 32 The heading before section 53 and sections 53 and 54 of the Stablecoin Act are repealed.

• — 2026, c. 22, s. 33

  • 33 Section 64 of the Act is replaced by the following:

    • Recommendation to Minister

      64 The Bank may recommend to the Minister that the Minister make an order under subsection 74(1) prohibiting an issuer from issuing a stablecoin if the Bank is satisfied that the issuer has contravened this Act or its regulations — or sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act — or that the issuer is committing an act or pursuing a course of conduct that is an unsafe or unsound practice in relation to its business.

• — 2026, c. 22, s. 34

  • 34 Section 79 of the Act is replaced by the following:

    • Violation

      79 Every contravention of a provision of this Act or its regulations — or of sections 30.2 to 30.5 of the Bank of Canada Act or of regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act — that is designated under the regulations constitutes a violation and the person that commits the violation is liable to a penalty determined in accordance with the regulations.

• — 2026, c. 22, s. 35

  • • 35 (1) Paragraph 93(y) of the Act is repealed.

    • (2) Paragraph 93(z.2) of the Act is replaced by the following:

      • (z.2) designating as a violation the contravention of a specified provision of this Act or its regulations — or of sections 30.2 to 30.5 of the Bank of Canada Act or of regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act — or the non-compliance with orders made, undertakings required, compliance agreements entered into or directions made under this Act;