Industry fears Ottawa's 'overreach' could limit crypto access after Budget 2024

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Morva Rohani,The Government,Canada

“The government is not interested in making this work for consumers and business.'

The 2024 federal budget could make investing in cryptocurrencies more difficult for Canadians and add more barriers to growth and innovation, industry leaders say.has some worried the government will remove the tax-sheltered status of crypto-backed ETFs. And the leaders fear that the Canadian government’s enduring doubts concerning cryptocurrencies will dominate the implementation of new OECD reporting requirements for transactions.

The government hasn’t communicated timelines or objectives since that consultation, Rohani says, and its “lack of engagement … is what's hindering innovation in the space right now.” A Secret Service agent assigned to Vice President Kamala Harris’ detail was removed from their assignment after displaying behavior that colleagues found “distressing,” the agency said.When the U.S. Supreme Court ultimately rules on Donald Trump's claim of presidential immunity from prosecution, a third of those deciding the matter will be justices he appointed to their lifetime posts.

 

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