Canadian crypto industry leaders launch Web3 council as it pushes for regulation
BNN Bloomberg
Some of Canada's leaders in the blockchain sector launched Tuesday a non-profit association aimed at moving the needle on regulation of cryptocurrencies and digital assets in this country.
Some of Canada's leaders in the blockchain sector launched Tuesday a non-profit association aimed at moving the needle on regulation of cryptocurrencies and digital assets in this country.
It is called the Canadian Web3 Council and was founded by Connor Spelliscy and Jelena Djuric, both of whom have been working on pushing the blockchain and cryptocurrency industry forward in Canada for the last several years. The council also includes representatives from companies like Wealthsimple, digital collectible business Dapper Labs, financial services firm Ledn and Ether Capital.
"As the industry has grown into a multitrillion-dollar asset class, now is the time for the government to work alongside industry leaders to ensure thoughtful policy is formed," Spelliscy and Djuric said in a news release.
Web3 describes the next phase of the internet that puts the World Wide Web in the control of people and is powered by blockchain technology.
The council's first priority is to advocate for a national strategy for cryptocurrency and digital assets, according to the news release.
Canadian entrepreneurs have played a major role in the blockchain and digital asset space, from founding Ethereum to launching popular non-fungible token (NFT) platforms like CryptoKitties and NBA Top Shot.
