Canada’s New Plan to Boost Blockchain and Cryptocurrency

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A Canadian committee has proposed new measures to support the blockchain and cryptocurrency industries. The proposal includes developing a national strategy for the adoption of blockchain technology in finance, healthcare, and government, creating a regulatory sandbox to reduce compliance costs and foster innovation for startups, and exploring the possibility of introducing a national digital currency. These actions aim to establish Canada as a leader in the rapidly evolving blockchain and cryptocurrency industries and spur innovation and economic growth in the presence of a supportive regulatory environment.