Catenaa, Sunday, March 30, 2025-Coinbase has warned that Canada risks losing its global economic competitiveness unless it adopts crypto-friendly regulations. As the country nears a federal election, the exchange is urging policymakers to modernize financial regulations to support digital assets.
Lucas Matheson, Coinbase’s Canadian director, stressed in a blog post that while Canada has been a leader in crypto, its rigid policies have driven major exchanges away. According to Coinbase, about five million Canadians hold digital assets, and 86% of the population supports financial modernization.
Coinbase has outlined a reform plan urging the next government to act within 100 days. Proposals include forming a national crypto task force, creating a Bitcoin reserve, and clarifying stablecoin regulations. The company also calls for new policies to boost crypto mining and allow banks to integrate digital asset management.
Despite regulatory hurdles, Coinbase remains committed to Canada, with Matheson noting that the country has a relatively clear regulatory framework compared to others. However, he emphasized that additional reforms are needed to ensure Canada remains competitive in the digital asset space.
With a federal election approaching, the next government’s stance on crypto regulations could shape Canada’s future in the global blockchain economy.
