Coinbase Canada CEO calls on the government to swiftly develop a national crypto strategy

ChainCatcher news, according to CoinDesk, Coinbase Canada CEO Lucas Matheson urged the new government led by Mark Carney at the Toronto Consensus 2025 conference to quickly formulate a national crypto strategy. Matheson suggested establishing a dedicated crypto task force within 100 days of the government's inauguration to clearly define digital assets, regulate stablecoins, and allow banks to safely hold cryptocurrencies. He emphasized that Canada needs a stablecoin pegged to the Canadian dollar, pointing out that current international remittance costs are as high as 6%-12%, while crypto technology can significantly reduce these fees. Matheson also stated that about 15% of Canada's population belongs to the unbanked community, and crypto technology can provide them with innovative solutions.

Matheson warned that without swift action, Canada could fall behind in the global crypto finance competition, forcing citizens to use foreign platforms, increasing risks and losing economic opportunities.