Canadian crypto market growth: World leader in digital assets? Toronto emerges as a global blockchain hotspot as Canada’s steady crypto rules outpace America’s political gridlock
While US legislators are stuck in regulatory gridlock, Canada has quietly established itself as a world leader in cryptocurrency and blockchain technology, and Toronto as a hub of innovation, as per a report.
Canada’s Head Start on Crypto Regulation
According to CNBC, Canada was one of the first countries to enact rules for crypto, by starting with anti-money laundering guidelines in 2014 and then it has consistently updated its regulatory guidance.
Toronto Becomes a Crypto Launchpad
CNBC wrote that the “regulatory clarity has made Toronto a launchpad for blockchain growth.”Companies are now seeing an opportunity in Canada, with American financial services company Robinhood’s recent acquisition of Canadian crypto firm WonderFi, which is…
