• Canadian lawmakers have recently released a report that supports the adoption and integration of blockchain technology.
• Coinbase is expanding its team in Canada and looking to localize the Coinbase experience for customers there.
• The federal government recognizes blockchain as a developing sector with massive long-term economic and job development opportunities.
Canadian Lawmakers Recognize Blockchain
Canadian lawmakers have recently released a comprehensive report unequivocally supporting the adoption and integration of blockchain technology. Moreover, it creates expectations and anticipation throughout the industry. Coinbase, the leading crypto exchange, shared this significant move by the Canadian government marks a pivotal moment in the global blockchain landscape.
Coinbase Expanding Team in Canada
Coinbase is expanding its team in Canada as part of their continued international expansion strategy. Additionally, they are looking for ways to localize the Coinbase experience for customers there. Also, they signed a potentially improved pre-registration undertaking with regulators in March 2021 to further explore cryptocurrency use cases in Canada.
Federal Government Supports Blockchain
The federal government has recognized blockchain as an emerging sector with significant economic benefits and potential for long-term job development opportunities. Furthermore, consumer protection and regulatory clarity were mentioned within the committee’s report which also noted that this technology has utility and value for Canadians all across the country.
Important Moment in Global Blockchain Landscape
This important moment marks an opportunity for Canada to become a leader within the crypto economy due to their progressive policies towards regulating digital assets such as stablecoins while recognizing blockchain’s potential benefits on an international scale.
Potential Economic Freedom & Job Opportunities
Canada’s forward-thinking attitude towards cryptocurrencies can create immense potential economic freedom through increased access to digital assets while also providing job opportunities around the world due to their pioneering approach towards implementing new technologies such as blockchain into mainstream society safely and securely.