Canadian Lawmaker Introduces Bill Aimed at Encouraging Growth in Crypto Sector

Governments worldwide are rising to the need for a global crypto regulatory framework, first highlighted by the Bank of England. Canada is the latest country to propose a bill for a crypto framework in the country. 

Michelle Rempel Garner, a Member of the Canadian House of Commons has introduced Bill C-249, titled “Encouraging the Growth of the Cryptoasset Sector Act” which proposes that the government set up a framework to encourage the adoption and growth of cryptocurrency in Canada. 

According to the bill, “Cryptoassets have significant economic and innovative potential for Canada.”

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