Bill C-249, which saw its first reading in early February, would call on the Minister of Finance to consult with crypto industry innovators designated by provinces and territories to develop the framework. The bill also states that policy must focus on lowering barriers to entry in the crypto sector and protect industry innovators from crushing administrative burdens.
“This marks the first time crypto assets will be debated in the house even though 14 years have passed since the Satoshi Nakamoto white paper on blockchain was released,” Rempel Garner said at a press conference, adding that the crypto sector has since exploded into a multi-billion industry. “Canada should be attracting billions of dollars of investment in the fast-growing crypto-asset industry.
Rempel Garner pointed to jurisdictions such as the European Union and the United States, where President Joe Bidento come up with a plan to address cryptocurrencies in March. Cryptocurrency regulations tend to fall to provincial jurisdictions, which Rempel Garner noted had been resulting in a patchwork of regulations.
“The bill’s concept is designed to build consensus across partisan lines and has been well-received by crypto asset innovators in Canada as well as by those who desire more safeguards to protect those working in the space,” Rempel Garner added. One obstacle is that many Canadians and even some regulators are not sure how to define cryptocurrencies or how to categorize them. The debate around them has become increasingly polarized, Rempel Garner said, with some hailing crypto as a game-changing “saviour” asset and others demonizing them.Article content
is this a global consensus regulation framework? or n independent one?
Say what you want, she's still the best respresentative that Oklahoma ever had in the House of Commons.
Of course.
All in this together
Qween Liberal in conservative clothing. The only reason she runs as a conservative is because she cant win as a liberal in her riding
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nationalpost - 🏆 10. / 80 Read more »