Coinbase is celebrating the proactive stance taken by Canadian lawmakers as they publish landmark recommendations in support of blockchain adoption.
The Canadian House of Commons Parliamentary Standing Committee on Industry and Technology (INDU) has released a comprehensive report titled “Blockchain Technology: Cryptocurrencies and Beyond.”
The committee’s report comes in the wake of recent industry challenges, such as the FTX collapse, and highlights the need for a national blockchain strategy. It also emphasizes the significance of blockchain technology beyond cryptocurrencies, recognizing its potential in various sectors.
Coinbase supports Canada’s forward-thinking approach and acknowledges the importance of fostering innovation in the blockchain space. The company believes that these recommendations will pave the way for the growth and widespread adoption of blockchain technology in Canada.
Coinbase’s endorsement of Canada’s decision aligns with its commitment to compliance and regulatory collaboration. It also underscores the global nature of blockchain technology and the need for constructive engagement between industry players and regulatory bodies.