This collaboration aims to boost digital asset adoption, economic empowerment, and the transformation of the financial system. Coinbase’s stance on the necessity of regulating centralized crypto intermediaries aligns with Canadian public opinion.
A survey conducted by Coinbase in partnership with Angus Reid revealed that 72 percent of Canadians view the regulation of cryptocurrency exchanges as important, with 29 percent stating that increased regulation would make them more inclined to invest in cryptocurrencies.
Among cryptocurrency investors, curiosity, investment diversification, and the potential for profit were significant motivators.
Coinbase’s dedication to the Canadian market is motivated by the significant growth potential of the cryptocurrency sector in Canada. The country ranks third globally in crypto awareness, supported by a robust tech ecosystem that could lead in the cryptoeconomy.
Faryar Shirzad, chief policy officer at Coinbase, highlighted the critical role of regulation in the industry, applauding Canadian securities regulators for their commitment to clarity. “Regulation is critical to the success of the crypto industry and is essential for building trust,” Shirzad stated.
