Coinbase signals that Canada risks losing its global economic advantage if it fails to implement innovative cryptocurrency regulations. The exchange emphasizes the urgency of modernizing its financial framework to keep pace with international competitors in the digital economy.

Currently, about five million Canadians possess digital assets, showing robust public support for financial reform. Surveys indicate that 86% of Canadians deem regulatory updates essential for the crypto sector, reflecting a substantial demand for progressive changes.

The pending federal elections are a crucial moment for the new government to commit to boosting Canada’s crypto industry. Coinbase urges for the establishment of a crypto task force within the first 100 days to develop a national strategy that supports digital asset integration.