Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-ratings.com
May 15, 2025 at 14:43
Canada's Cryptocurrency Future: Coinbase CEO Calls for Swift Action
In a compelling address at Consensus 2025 in Toronto, Lucas Matheson, CEO of Coinbase Canada, urged the new government to implement a national cryptocurrency strategy.
Matheson highlighted Canada's rich history in crypto innovation and warned that the nation risks falling behind without decisive action.
He advocated for the establishment of a dedicated federal crypto leader to help legitimize digital assets and support their integration into everyday Canadian life.
One of his main proposals was to create a government-led crypto task force within the first 100 days to develop a comprehensive strategy for the sector.
This task force could define digital assets, regulate stablecoins, and facilitate secure banking solutions for cryptocurrency.
Matheson also emphasized the potential for a Canadian-dollar-denominated stablecoin to enhance financial efficiency for users impacted by high remittance costs.
He pointed out that 15% of Canadians are underbanked, presenting a significant opportunity for innovation through cryptocurrency adoption.
Additionally, Matheson referenced the "Stand with Crypto" initiative aimed at educating lawmakers on blockchain's potential benefits and addressing prevalent misconceptions.
He expressed optimism that the new administration would embrace technology to drive economic growth while warning that delays could hinder Canada's global competitiveness in crypto.
Matheson's insights reveal a growing urgency for Canadian policymakers to act swiftly in capitalizing on the benefits of cryptocurrencies and blockchain technology.
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