Coinbase executive: Canada needs to overhaul cryptocurrency regulations

Lucas Matheson, Director of Coinbase Canada, attended the Blockchain Futurists Conference on August 13 to discuss the current state of digital asset regulation in Canada and promote the newly expanded Stand With Crypto program. Matheson argued that while Canada's regulatory framework is already robust, the country still needs to modernize crypto regulation. Matheson noted that 85% of countries will adopt a comprehensive regulatory framework for digital assets in the next year, and emphasized the importance of public dialogue in educating government officials about the importance of cryptocurrencies. Coinbase's Canadian Director summarized the long-term goal of Stand With Crypto's advocacy: "Frankly, there is still a lot of work to be done in Canada to change the law, with the goal of changing Canadian law so that we can increase economic freedom and update Canada's financial system." Matheson ended his speech by instructing the audience to sign up to join the advocacy group.