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The Future of Regulation in Canada I Blockchain Futurist Conference 2022
Discover the evolving regulatory landscape in Canada, including harmonization efforts, FATF guidelines, and potential benefits of a crypto trade agreement, at this insightful Blockchain Futurist Conference talk.
- The regulatory landscape in Canada is evolving with a focus on harmonization, particulaty in the area of AML/CFT.
- Industry engagement with regulators is crucial for shaping the regulatory environment and avoiding unintended consequences.
- The FATF guidelines will have an impact on Canadian regulation and are likely to impose KYC obligations on NFTs.
- AML/CFT regulation is global and FinTrac is playing a key role in consultations and education.
- A crypto trade agreement could bring clarity and stability to the industry.
- There are many positive developments in the regulatory landscape, but harmonization is still needed.
- Industry associations are vital and can provide a voice for the industry.
- Cybersecurity and investor protection are important areas of focus for regulators.
- Fintech firms are professionalizing the industry and creating a better user experience.
- Joining a political party and advocating for change can be an effective way to influence policy.