CoinVoice has learned that, according to CoinDesk, Coinbase Canada CEO Lucas Matheson urged the new government led by Mark Carney at the Toronto Consensus 2025 conference to quickly develop a national cryptocurrency strategy. Matheson suggested forming a dedicated cryptocurrency task force within 100 days of the government's assumption of office, clearly defining digital assets, regulating stablecoins, and allowing banks to safely hold cryptocurrencies. He emphasized that Canada needs stablecoins denominated in Canadian dollars, pointing out that current international remittance costs can reach 6%-12%, while cryptocurrency technology can significantly reduce these fees. Matheson also stated that about 15% of Canada's population belongs to the underbanked group, and cryptocurrency technology can provide innovative solutions for them.
Matheson warned that if swift action is not taken, Canada may fall behind in the global cryptocurrency financial competition, forcing citizens to use foreign platforms, increasing risks and losing economic opportunities. [Original link]