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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 30 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Cryptocurrencies News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2 federal ministers meet with Investment Ottawa to discuss Budget 2024, small businessesTwo federal ministers met with Investment Ottawa in the capital Sunday to highlight the government’s budget for 2024.
Source: ctvottawa - 🏆 29. / 67 Read more »