Crypto Regulations | Canada In Forefront Bring This To Actualization

Projections or predictions if I may put says that the regulation of cryptocurrency and it’s alternative sectors will open doors to institutional funds, investment. In this light the Canadian government is already in talks with consultants on cryptocurrencies, sable coins and CBDC’s to see how this can possible, according to their budget which was disclosed the federal government aims is to see how rules and regulations be imposed on local cryptocurrency sector.

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Since the emergence of digital assets which has changed the whole financial payment system which these regulations and rule if implemented will help contain the activities of bad actors;

“In the last several months, digital assets and cryptocurrencies have been used to avoid global sanctions and fund illegal activities, both in Canada and around the world.

In order to help address these challenges in Canada, Budget 2022 announced the government’s intention to launch a financial sector legislative review focused on the digitalization of money and maintaining financial sector stability and security.”

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Twitter:Hironakamura

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