The Canada country director for Coinbase said local regulators were “much more collaborative” with the industry than their U.S. counterparts, but politicians were falling short.
Lucas Matheson, the country director for cryptocurrency exchange Coinbase in Canada, said Canadian lawmakers have been less engaged with the industry than in other regulatory environments.
Speaking to Cointelegraph from the Collision conference in Toronto on June 18, Matheson said Canadian regulators were “much more collaborative” with the crypto industry than those in the United States. However, according to the Coinbase executive, the country lacked significant political engagement from lawmakers.
“[There are] other geographies around the world where typically political leaders establish long-term strategic plans to incorporate digital assets and technology into their economies,” said Matheson. “We’re keen to work more closely with our federal politicians and members of parliament to ensure that we have a strong regulatory framework here in Canada.”
