Canada's OSFI Finalizes Crypto-Asset Exposure Guidelines

The Office of the Superintendent of Financial Institutions (OSFI) in Canada has published its final guidelines regarding the capital and liquidity treatment of crypto-asset exposures for banks, effective between late 2026 and early 2027. The regulator also clarified that tokenized deposits are legally indistinguishable from traditional deposits, emphasizing a technology-neutral regulatory approach. The guidelines incorporate Basel Committee standards with specific adjustments for clearing and market risk.