Government attitude and definition -
As in many countries, the regulation of cryptocurrencies in Canada is divided among various levels of government and administrative agencies, depending on the nature of the activity undertaken. Despite these jurisdictional constraints, Canadian regulators generally continue to take a receptive and innovative approach to regulation, including, for example, in approving crypto-based exchange-traded funds (“ETFs”) and developing a pragmatic regulatory oversight and compliance framework under provincial securities regulation. The Canadian market also appears to be moving to a new stage of maturity as a robust regulatory framework and enforcement environment and reduced market volatility appear to be driving renewed institutional interest in the asset class in Canada.
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