- Stand with Crypto unites global advocates to drive sensible crypto innovation in Canada.
- The movement highlights blockchain innovation and mobilizes Canada’s crypto community.
Stand with Crypto unites global crypto advocates, forming a passionate community committed to driving sensible crypto innovation and policy. The movement has garnered over 1.1 million advocates in the United States and is rapidly growing. In the UK, Stand with Crypto has published a manifesto urging the next government to promote web3 innovation, jobs, and a digital economy. Now, the time is ripe to expand the Stand with Crypto movement to Canada, ensuring that Canadian crypto advocates’ voices are heard.
Mission of Stand with Crypto in Canada
Stand with Crypto originated in the US to mobilize the crypto community. In Canada, it focuses on highlighting pioneers who are building businesses onchain, driving real-world use cases, and solving societal problems with blockchain technology. Canada has the potential to lead globally in the adoption and commercialization of this transformative technology, beginning with crypto. With approximately 5 million crypto holders in Canada, now is the opportune moment to rally Canadian voices and ensure they are both seen and heard.
According to a survey by Coinbase and Angus Reid, 86% of Canadians believe the financial system needs an update. The majority feel the system is unfair for everyone (80%), out of touch (76%), and designed to benefit corporations (83%) and the wealthy (73%). Furthermore, 72% think regulating cryptocurrency exchanges is important, and nearly a third (29%) would be more inclined to buy cryptocurrency if the industry had more regulation. The appetite for the Stand with Crypto movement in Canada is evident.
Policymakers have shown interest in understanding the opportunities presented by emerging technologies like blockchain. The industry needs to better communicate the social and economic value that can be unlocked through cryptocurrency, blockchain, and decentralized innovation.
Calgary Launch Event
Stand with Crypto achieved a significant milestone with a launch event on Friday, 12th July in Calgary, coinciding with the Calgary Stampede. The event featured remarks from the Honourable Dale Nally, Minister of Service Alberta and Red Tape Reduction; Lucas Matheson, CEO of Coinbase Canada; Tom Duff Gordon, Vice President of International Policy at Coinbase; Alexis Pappas, Chief Innovation Officer at GuildOne Inc.; and Samantha Robertson, Director of Global Energy Strategy at Bitdeer. The event brought together approximately 100 blockchain entrepreneurs, industry leaders, investors, leading academics, and media.
The launch event culminated a week-long trade mission in Alberta organized by the Canadian Blockchain Consortium. Delegates met with Danielle Smith, the Premier of Alberta; Honourable Nathan Neudorf, Minister of Affordability and Utilities; Alexis Pappas, Chief Innovation Officer at GuildOne Inc.; and Samantha Robertson, Director of Global Energy Strategy at Bitdeer. The agenda aimed to foster collaboration between government and industry, ensuring collaborative governance of the digital asset ecosystem and resulting in common-sense regulation.
Building Momentum in Canada
The expansion of Stand with Crypto into Canada marks a pivotal moment in the campaign’s growth. The movement aims to create a grassroots effort that champions blockchain innovation and economic growth. By uniting Canadian crypto advocates, Stand with Crypto seeks to amplify the voices of those who believe in the transformative potential of blockchain technology.
Canada’s crypto community is already robust, with significant engagement from both individuals and businesses. The survey results from Coinbase and Angus Reid demonstrate a clear demand for updates to the financial system and more regulation in the cryptocurrency industry. This feedback underscores the need for a movement like Stand with Crypto to advocate for sensible policies and foster innovation.
The Role of Blockchain Technology in Canada’s Future
Blockchain technology offers numerous benefits, including transparency, security, and efficiency. These attributes make it an ideal tool for addressing various societal challenges. In Canada, blockchain can revolutionize industries such as finance, healthcare, and supply chain management. By embracing blockchain technology, Canada can position itself as a leader in digital innovation.
The Stand with Crypto movement aims to highlight the real-world applications of blockchain and the benefits it can bring to Canadian society. From improving financial inclusion to enhancing the efficiency of public services, blockchain has the potential to make a significant impact.
Stand with Crypto Expands to Canada with Advocate Support
For Stand with Crypto to succeed in Canada, it is crucial to engage both policymakers and industry leaders. The launch event in Calgary and the subsequent trade mission highlighted the importance of collaboration between government and industry. By working together, they can develop policies that foster innovation while protecting consumers and ensuring the stability of the financial system.
Policymakers are increasingly interested in the potential of blockchain technology and cryptocurrency. Stand with Crypto aims to provide them with the information and insights they need to make informed decisions. By demonstrating the social and economic value of blockchain, the movement can help shape policies that support the growth of the crypto industry in Canada.
The Future of Stand with Crypto in Canada
The future of Stand with Crypto in Canada looks promising. The movement has already made significant strides in mobilizing the crypto community and raising awareness about the benefits of blockchain technology. As it continues to grow, Stand with Crypto will play a crucial role in shaping the future of the crypto industry in Canada.
By advocating for sensible policies and highlighting the real-world applications of blockchain, Stand with Crypto can help Canada become a global leader in digital innovation. The movement’s success will depend on the continued engagement of crypto advocates, policymakers, and industry leaders.
Conclusion
Stand with Crypto is poised to make a significant impact on Canada’s blockchain landscape. By uniting crypto advocates and fostering collaboration between government and industry, the movement can drive innovation and economic growth. As Stand with Crypto expands in Canada, it will continue to champion the transformative potential of blockchain technology and advocate for policies that support the crypto industry’s development.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
