11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy
Categories: Crypto News CANADA
A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association that will work with policymakers to advance Canada’s position at the forefront of the global digital economy. Bringing together exchange platforms, blockchain projects and tech investors, the association will work to advance blockchain-related policies that balance “innovation, consumer protection and stability.” The open letter from Web3 Council announcing its launch came out on Tuesday, March 29. At the outset, the association consists of 11 members: Aquanow, Axiom Zen, Chainsafe Systems, Dapper Labs, Ether Capital, ETHGlobal, Figment, Informal Systems, Ledn, Wealthsimple and WonderFi Technologies.Hatcher Lipton, co-founder and chief operating officer at ChainSafe Systems, has also pointed out the importance of the industry-driven initiative: “There is the opportunity to develop a community-driven policy, which puts Canada at the forefront of the Web3 movement.” Citing the examples of the European Union and Switzerland, which already possess their thorough crypto strategies, the association’s statement calls for the creation of a Canadian regulatory framework, “a comprehensive national strategy.“ In the upcoming months, the Council is planning to start a dialogue within the Canadian Web3 community and “shape its mission.”