As Canada nears a federal election, Coinbase urges the next government to prioritise clear crypto regulations. Coinbase's Canadian country director highlighted that while Canada has been a leader in crypto adoption, regulatory uncertainty could hinder further progress.

Matheson cited statistics showing that five million Canadians already hold crypto. According to Coinbase, 86% of Canadians see room for improvement, 80% feel the system is unfair, and 76% view it as outdated. The growing dissatisfaction signals the need for forward-thinking financial policies.

Regulatory challenges have forced several crypto exchanges to exit Canada following stricter rules. Meanwhile, Mark Carney, a Liberal Party leader, has expressed scepticism towards Bitcoin, favouring central bank digital currencies instead.

Coinbase calls for reforms, including a government crypto task force within 100 days, federal stablecoin regulations, and clearer asset definitions.

The company also advocates for a national Bitcoin reserve and fewer barriers for mining. It further supports enabling banks to integrate crypto into their services. Without swift action, Canada risks falling behind in the global digital landscape.