Canadian lawmakers have made an encouraging move towards the widespread adoption of blockchain technology, a stance that Coinbase applauds. The Canadian House of Commons Parliamentary Standing Committee on Industry and Technology (INDU) has recently issued a comprehensive report, titled “Blockchain Technology: Cryptocurrencies and Beyond.”
The report from the committee is a response to recent challenges faced by the industry, such as the collapse of FTX, and highlights the necessity of a national blockchain strategy. It also acknowledges the potential impact of blockchain technology in various sectors, extending beyond cryptocurrencies.
Coinbase shows its support for Canada’s forward-thinking approach and recognizes the importance of fostering innovation in the blockchain field. The company believes that these recommendations will play a pivotal role in facilitating the growth and widespread adoption of blockchain technology in Canada.
Furthermore, Coinbase’s endorsement of Canada’s decision aligns with its dedication to compliance and regulatory cooperation. It reinforces the fact that blockchain technology is a global phenomenon, necessitating constructive engagement between industry participants and regulatory authorities.
Compiled by Coinbold