Canada is considering the development of a national blockchain strategy, as recommended by a group of lawmakers. The strategy would provide regulatory clarity and recognize blockchain as an emerging industry with economic and job creation potential. The report also suggests exploring opportunities for international cooperation in developing blockchain regulations and policies. The committee acknowledges Canada’s existing regulatory safeguards but emphasizes the need for collaboration with industry to understand and regulate the rapidly evolving sector.
Key points:
– Lawmakers in Canada have called for the development of a national blockchain strategy.
– The strategy would bring regulatory clarity and recognize blockchain as an emerging industry.
– International cooperation in blockchain regulations and policies is recommended.
– Canada’s existing regulatory safeguards are acknowledged but collaboration with industry is necessary.
Hot Take:
Canada’s move towards a national blockchain strategy shows the country’s recognition of the potential of blockchain technology. By providing regulatory clarity and fostering international cooperation, Canada aims to position itself as a leader in the blockchain industry. This proactive approach will create economic growth and job opportunities, while ensuring consumer protection and innovation.
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