Canadian lawmakers urge the government to develop a blockchain strategy and clarify regulatory approaches

ChainCatcher news, according to CoinDesk, a legislative committee in Canada is calling on the government to establish a national blockchain strategy that clarifies the country's regulatory approach and "demonstrates support for the industry."

It is reported that the first of the 16 recommendations put forward by the House of Commons Industry and Technology Committee calls for the government to recognize the "significant long-term economic and job creation potential" of the blockchain industry. The legislative committee also hopes that the Canadian government will create a tailored regulatory framework for stablecoins, distinguishing them from other crypto assets—similar to the EU's Markets in Crypto-Assets (MiCA).

Other recommendations include developing regulations for cryptocurrency custody platforms, taking measures to allow blockchain companies access to banking services, and ensuring fair taxation of cryptocurrency mining activities. (Source link)