Canadian Crypto Industry Leaders Create Non-profit Organization
- The non-profit is aimed to push for regulation in the domestic crypto industry.
- Dapper Labs, Ledn, Ether Capital and Wealthsimple are part of the Council.
Canadian cryptocurrency industry leaders have launched a non-profit organization named Canadian Web3 Council, aimed to push for regulation in the country. According to Global News, the organization was founded by Connor Spelliscy and Jelena Djuric.
The founders have been looking to push for regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term across the crypto and blockchain sphere in Canada amid growing interest in the sector. Additionally, there are representatives from Dapper Labs, Ledn, Ether Capital and Wealthsimple involved in the Council.
“As the industry has grown into a multi-trillion-dollar asset class, now is the time for the government to work alongside industry leaders to ensure thoughtful policy is formed,” Spelliscy and Djuric said in a joint statement. They added: “Although there are regulatory challenges when it comes to this nascent industry, the Canadian Web3 Council can work alongside regulators to help them understand and navigate this complex space.”
According to the statement, a national strategy for cryptocurrency and digital assets is the Council’s first priority.
From launching non-fungible token platforms like CryptoKitties and NBA Top Shot to founding Ethereum, Canadian entrepreneurs have played a significant role in blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and digital assets. With Web3 technology, the World Wide Web will be under the control of people and powered by blockchain technology. Recent calls from Canada’s Conservatives have called for the creation of a national framework for the crypto industry.
Further, Pierre Poilievre, the federal Conservative leadership candidate, has said that if he were to become prime minister, he would work to make it easier for Canadians to use cryptocurrencies and for crypto companies to operate.
Crypto Ads Regulation
Recently, the Canadian Securities Administrators (CSA) released a set of guidelines targeting all advertising and marketing campaigns pursued by crypto trading platforms. This is because the regulator had observed a series of advertising banners and statements that could mislead investors.
Canadian cryptocurrency industry leaders have launched a non-profit organization named Canadian Web3 Council, aimed to push for regulation in the country. According to Global News, the organization was founded by Connor Spelliscy and Jelena Djuric.
The founders have been looking to push for regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term across the crypto and blockchain sphere in Canada amid growing interest in the sector. Additionally, there are representatives from Dapper Labs, Ledn, Ether Capital and Wealthsimple involved in the Council.
“As the industry has grown into a multi-trillion-dollar asset class, now is the time for the government to work alongside industry leaders to ensure thoughtful policy is formed,” Spelliscy and Djuric said in a joint statement. They added: “Although there are regulatory challenges when it comes to this nascent industry, the Canadian Web3 Council can work alongside regulators to help them understand and navigate this complex space.”
According to the statement, a national strategy for cryptocurrency and digital assets is the Council’s first priority.
From launching non-fungible token platforms like CryptoKitties and NBA Top Shot to founding Ethereum, Canadian entrepreneurs have played a significant role in blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and digital assets. With Web3 technology, the World Wide Web will be under the control of people and powered by blockchain technology. Recent calls from Canada’s Conservatives have called for the creation of a national framework for the crypto industry.
Further, Pierre Poilievre, the federal Conservative leadership candidate, has said that if he were to become prime minister, he would work to make it easier for Canadians to use cryptocurrencies and for crypto companies to operate.
Crypto Ads Regulation
Recently, the Canadian Securities Administrators (CSA) released a set of guidelines targeting all advertising and marketing campaigns pursued by crypto trading platforms. This is because the regulator had observed a series of advertising banners and statements that could mislead investors.