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Crypto sector says Canada’s regulatory uncertainty limiting domestic innovation

Crypto sector says Canada’s regulatory uncertainty limiting domestic innovation

Industry leaders argue risk aversion to blame for country’s patchwork rules and slow implementation.

Greater clarity on Canadian cryptocurrency regulation appears to be on the way, andndustry leaders say the country needs it as quickly as possible.

During a panel at Blockchain Futurist Conference in Toronto on Tuesday, speakers from the Canadian Securities Exchange (CSE), Grinhaus Law Firm, Shakepay, and Tetra Digital Group said that, despite recent advances like the Stablecoin Act, a lack of regulatory clarity continues to hamper domestic crypto innovation.

“We can’t afford to sit here and gaze at our navels and engage in endless federal-provincial jurisdictional challenges.”

Richard…

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