The Government of Canada is holding consultations on the regulation of stablecoins and may present a draft regulatory framework along with the budget on November 4, 2025. This was reported by Bloomberg citing its sources.

According to the publication, the consultations have been ongoing for several weeks and are closed in nature. They involve both regulatory bodies and business representatives.

It is expected that possible changes to the legislative framework will be presented together with the draft budget for the 2025 fiscal year. It is worth noting that it was previously reported that this will happen on November 4, 2025.

Sources from the publication stated that the government has ramped up efforts to prepare the regulatory framework for stablecoins against the backdrop of the adoption of #GENIUSAct in the USA.