Coinbase exec: Canada needs to overhaul cryptocurrency regulation

Coinbase Canada Director Lucas Matheson appeared at the Blockchain Futurists Conference on August 13 to discuss the state of digital asset regulation in Canada and promote the newly expanded Stand With Crypto initiative. Matheson believes that while Canada’s regulatory framework is already robust, the country still needs to modernize crypto regulation. Matheson noted that 85% of countries will adopt a comprehensive digital asset regulatory framework in the next year and stressed the importance of public dialogue in educating government officials on the importance of cryptocurrencies. Coinbase’s Canadian director summarized the long-term goals of the Stand With Crypto advocacy: “Frankly, Canada has a lot of work to do in terms of changing the laws, and the goal is to change the laws in Canada so that we can increase economic freedom and update Canada’s financial system.” Matheson concluded his speech by instructing the audience to sign up to join the advocacy group.