🚨
Canada is Falling Behind in the Race for Cryptocurrency!
💸🇨🇦
Canada is losing capital, talent, and competitiveness due to delays in integrating cryptocurrency into the financial system. After the federal election, parties continue to "ignore" digital asset innovation, leaving the sector lacking clear direction.
😕💰
Investment is Declining, Opportunities are Being Missed
While the US, Europe, and Asia are vigorously reforming, Canada is witnessing a downturn in early-stage investment transactions. The appointment of Evan Solomon as Minister of AI & Digital Innovation is a glimmer of hope, but more open policies are needed to promote blockchain and modern technology!
🚀💵
Stablecoin: Potential Being Stifled
Stablecoins can provide fast, cheap, and flexible global payments, but harsh regulations and a lack of federal leadership are hindering Canada. The Canadian Securities Authority (CSA) even mistakenly categorizes stablecoins as securities, causing the CAD to miss its chance to shine in the international market.
🌍
Other countries can do it, why can't Canada?
🤔🏦
Cryptocurrency Businesses are "Thirsty" for Banking Services
Despite complying with anti-money laundering (AML) regulations, crypto companies in Canada still struggle to find basic banking services. Meanwhile, other G7 countries have flexibly supported this sector. The hesitation and lack of political will are stifling new financial services. The previous Liberal government was indifferent to crypto; will things change now?
🧐🔥
Canada needs to take action now! Don't fall behind in the global fintech race!
💪