Will Canada lead on digital assets?

With Canada’s federal elections less than a week away, Canadians look close to how political leaders intend to tackle digital assets. Millions of Canadians have, use or work in crypto, making it a growing focal point for economic growth and innovation. This politically prominent and growing society is shaping conversations about the future of the finance, with voters who signalize cautious openness, not to ban or ignore crypto, but to integrate it into Canada’s financial system with clear protection, accountability and forward -looking policy.

Dean Vårka is a speaker in Consensus 2025 in Toronto 15 May, performing with Kevin O’Leary on Maintag.

Canada’s leadership within digital assets is not theoretical. It has evolved through first -class milestones, homework innovation and meaningful legislative progress, including:

  • Canada installed the world’s first Bitcoin ATM in Toronto in 2013;
  • Ethereum, co-founded by Canadian Vitalik Butterin, began in Canada in 2015;
  • Vancouver’s Dipper Labs introduced pioneering NFT platforms such as NBA Top Shot, launched by 2020;
  • Ontario Securities Commission and Canadian Securities Administration introduced a new regulatory framework for Crypto Trading Platforms in 2021; and
  • Regulatory initiatives such as Alberta’s Fintech Sandbox and Blockchain Innovation Hubs are actively supporting industry growth that launched around 2022.

Voter Vomentum and Public Mood

Pro-Crypto Voter Base is large, diverse, informed and committed. According to a study BU NANOS Research for The Canadian Web3 Council:

  • Younger Canadians And those with direct investment experience tend to see crypto positively, indicating a generational and experience change in mood.
  • 60% of the Canadians surveyed Support the federal government that works with industry experts to develop cryptocurrency rules and protect public interest. Only approx. One in five examined was the opposite.
  • 48% of Canadians Say that the government must implement a strategy for a “more accessible, inclusive and effective economic ecosystem” that includes digital assets.

This committed voter base, as the majority is below 50, represents a significant political strength. The election and subsequent administration give decision makers a chance to support voters’ eagerness according to clarity around Canada’s digital future.

By 2022, (pro-crypto) came the conservative leader Pierre Poilievre headlines to advocate financial freedom through Bitcoin and decentralized funding and called for less control by politicians and bankers and more power in the hands of individuals. He said he would make Canada “the world’s blockchain capital” so that people could “opt out” inflation by using cryptocurrencies like Bitcoin.

Read more: Nik DE – Previously, the crypto -angle of the Canadian choice

In contrast, the former Bank of Canada Governor Mark Carney, who represents the liberal party, remains, although it supports digital innovation, skeptical of the idea that Cryptocurrencies as Stableecoin will fundamentally reshape the monetary system. He has claimed that digital currencies in central bank (CBDCs) would be a safer, more stable foundation for digital money.

“Stableecoins are ultimately just a pendant to the conventional monetary system and not a game switch. CBDCs would reduce the risk of digital money and form the basis of a more stable, programmable economic future,” he wrote in 2021.

Meanwhile, the NDP leader Jagmeet Singh has openly criticized Crypto’s volatility, citing the financial losses that Canadians who bought in digital assets, as a hedge against inflation.

“We have a leader of the opposition who believes he can magically opt out of inflation by buying cryptocurrency, which ended up tanking and harming people,” he said in 2022.

The successful candidate from this upcoming election has a chance to translate these different views into coherent platform frames and improve Canada’s position as a forward-thinking and technically-driven economy.

Global Signals: Local Opportunity

The European Union has implemented the markets of crypto assets (mica) frames and offers clear crypto regulations.

The United States plays catchup after the election of Donald Trump last November. The US House Financial Services Committee has put forward the “Stable Act of 2025”, a significant step towards the establishment of a federal regulatory framework for stableecoins. And Bipartisan efforts like the virtual currency -tax justice suggest exempting small crypto transactions below $ 200 from capital gains taxes. Congress leaders are now working on a comprehensive “market structure” calculation for crypto, and regulators are open -minded to work with companies to adapt existing laws to modern needs.

Canada is well positioned to do the same. With the right policies, we can continue to attract leading talent, keep homework companies here and strengthen our global voice in web3.

The choice is ours.

Why political clarity matters

Clarity of digital asset policy will influence how Canadians save, invest and act; Whether new jobs and industries are built here or abroad; And whether our country will lead or follow in a rapidly growing digital sector.

Digital assets offer concrete benefits such as faster, cheaper transfers for newcomers who support families abroad, more accessible financial tools for underestimated societies and diversified investment alternatives in times of financial uncertainty. In addition to personal economy, blockchain technology has a real potential to modernize Canada’s financial infrastructure, improve anti-fraud efforts and improve the transparency of sectors such as Supply Chain Management and Government Services.

The Canadian Web3 Council has called for integrating Blockchain into Canada’s broader innovation strategy and calls for federal support for talent development, financing and creating a national blockchain strategy. They advocate for a clear framework for decentralized funding (DEFI), StableCOin regulation and for Canada to take a leadership role in global digital active policy conversations.

The role of industry and community

Responsibility for highlighting Crypto’s importance is largely falling on the industry itself. Initiatives such as Stand With Crypto Canada (a national advocacy campaign supported by Wonderfi and nine other major companies) actively train voters and decision makers about the financial benefits of clear crypto regulation.

Similarly, Blockchain North’s voices for Canadian Crypto campaign with prominent thought leaders help unite the votes of the industry and emphasize the need for proactive political conversations with leaders.

We have talent. We have the infrastructure. And we have speed.

Now we need leaders who do not see crypto as a passing trend, but as a strong opportunity to burn Canada’s economy and strengthen a new generation of builders, investors and innovators.

The digital economy is here. The only question is: Will Canada lead?

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