Whitepaper: From Chaos to Clarity: Canada's Blueprint for a Trusted and Competitive Digital Future
Canada's Blueprint for a Trusted and Competitive Digital Future. Policy priorities for trust, innovation, and global leadership in blockchain and digital assets.
Executive Summary
The Canadian Blockchain Consortium is dedicated to enhancing the national blockchain community and strengthening Canada’s leadership position on the global stage. We support the industry through our diverse committees, including Regulatory, Infrastructure, Access 2 Banking, Policy and Advocacy, Web3, Sustainability, Cybersecurity, Public Affairs, Digital Asset Taxation, and Roundtable Committees. Additionally, we engage in events nationwide, advocacy efforts, regulatory interactions, ecosystem development, and trade missions that enhance investment opportunities in Canadian markets.
Canada’s Digital Asset Landscape
Canada is home to a dynamic blockchain ecosystem, comprising over 350 companies across mining, DeFi, trading platforms, and infrastructure development. Supported by renewable energy resources, a highly skilled workforce, and early leadership in financial innovation (such as the launch of the world’s first Bitcoin ETF), Canada is well-positioned for growth. However, compared to faster-moving jurisdictions like Singapore, the EU, and parts of the U.S., Canada faces the risk of losing talent and investment without decisive regulatory modernization and national coordination.
Why Canada Must Act
- Economic Opportunity: Canada’s digital asset sector is forecasted to generate more than USD $81.6 billion by 2030, creating high-value jobs and contributing significantly to GDP.
- Global Competitiveness: Other countries are developing comprehensive frameworks to support blockchain innovation. Without a comparable strategy, Canada risks falling behind in the global race.
- Public Sentiment and Trust: Youth adoption of digital assets is rising, but a broader trust gap persists due to low financial literacy and regulatory uncertainty. Building public confidence through education and transparent rules is essential.
- Regulatory Necessity: Clear, fit-for-purpose regulation is critical—not to stifle innovation, but to protect consumers, manage systemic risks (especially with stablecoins and DeFi), and create a trustworthy financial ecosystem.
Canada's Blueprint for a Trusted and Competitive Digital Future