Connor Spelliscy and Jelena Djuric, two Canadian crypto leaders have launched a non-profit organization which aims to push for regulations of the crypto market in Canada. The so-called Web3 Council non-profit is supported by other local crypto industry leaders.
The Web3 tech will be fully powered by modern blockchain technology, while Canada’s own crypto innovations will play a steady role in both the evolution of the crypto industry as a whole, as well as in supporting the Web3 technology.
The founders have been on the road to out crypto regulation for a while now, by innovation both crypto and blockchain access and tech.
The two founders commented that the industry demands regulations since popularity is on a steady increases, “now is the time for the government to work alongside industry leaders to ensure thoughtful policy is formed,”. Spelliscy and Djuric revealed in a statement that “the Canadian Web3 Council can work alongside regulators to help them understand and navigate this complex space.” The duo concluded by stating that a national crypto strategy is a priority right now.
Moreover, Canada’s conservatives have also voiced their willingness to approve a nationwide framework from the booming crypto industry. The federal Conservative leadership candidate Pierre Poilievre stated that, if elected into office, he would work to facilitate crypto usage by both Canadian retailers and companies.