Digital currencies are quickly becoming more mainstream within the Canadian financial landscape. Alongside this increased adoption, Canada has been relatively successful at creating a stable regulatory environment. In 2014, Canada established itself as a leader in the global digital asset space when the Canadian Parliament became the first government in the world to pass a national law on digital currencies. Since then, Canadian regulators have remained fairly proactive in their approach toward cryptocurrency, taking a cautious-yet-optimistic stance in an attempt to promote innovation while still protecting investor interests.
Especially in comparison to other international jurisdictions, which either impose stricter policies or harbor a more laissez-faire attitude, Canada’s supportive environment to cryptocurrency is reflected in some of the options offered to startups experimenting with digital asset technology.
Desiree Smith is a Canadian lawyer with a passion for emerging technologies and innovation. Fintech and blockchains are her main specialties, and she is currently the director of business and legal affairs at Coinsquare, a crypto exchange based in Canada. In addition to her role at Coinsquare, Desiree also teaches a crypto course at Ryerson University that focuses on legal, governance, risk and compliance issues surrounding blockchain, smart contracts and cryptocurrency technologies.
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