Canada’s choice – Crypto must adapt to financial modernization

Trump’s election campaign focused on crypto, and already in his first 100 days in office we have seen progress in support of the crypto industry. Canada held an election Monday – can we expect the same focus on crypto in other regions?

In today’s crypto for advisers, Morva Rohani from the Canadian Web3 council explains what this political shift means for advisers and why it is important to adapt crypto with the financial system upgrade.

Then Vincent Kadar from Polymath asks questions about global trends in Ask an expert.

– Sarah Morton


Canada’s choice – Crypto must adapt to financial modernization

Canadians have voted. While digital assets are not a priority in the new government’s agenda, there is an opportunity to place crypto as part of Canada’s wider economic modernization efforts. Whether the liberal party ultimately constitutes a narrow majority or a strengthened minority, the direction is clear. Stability is fragile and political capital will be focused on financial resilience.

This focus is only sharpened with the return to President Trump’s office, whose financial strategy includes both sweeping tariffs on Canadian goods and open support for cryptoinfrastructure in the United States. Based on this, Canada’s digital asset sector must turn its message.

Economic innovation will move – but gently

Canadian Prime Minister Mark Carney’s background as central banks point to a focus on systemic risk, monetary policy stability and cautious innovation. Crypto will not be a top agenda, but stableecoins, modernization of payments and blockchain-based settlement infrastructure could find a place under a wider modernization umbrella.

This means preparing for a few new trends:

  • Efforts to regulate stableecoins where they improve payment speed and security
  • A potential push for custody reforms that would extend client access to compatible digital asset solutions
  • A gradual movement toward clearer legislative expectations, with emphasis on Due Diligence and Market Integrity

Crypto has the potential to be treated as a financial infrastructure rather than a speculative outlier, but only if the industry advocates strategically and positions itself as part of Canada’s economic modernization.

Global pressure speeds up the shift

While Canada is moving carefully, other markets move rapidly. The European Union Mica frame is now live. The United Kingdom promotes stableecoin license. In the United States, President Trump’s return has brought an aggressive push for crypto as part of his financial strategy along with sweeping tariffs on Canadian exports. This combination has forced financial modernization to the top of the agenda in Ottawa.

Digital assets are increasingly used as financial tools, not just financial experiments. Trump’s attitude has reshaped crypto as part of national competitiveness and other jurisdictions respond. In order for Canada to remain relevant, it is no longer an innovation game to integrate blockchain and digital payments into the country’s financial infrastructure; It becomes a strategic necessity. It is the case that the industry will have to do in Ottawa.

Here is an overview of where Keycrypto initiatives in different jurisdictions currently stand:

Jurisdiction
Key Crypto Development 2025
Status
Canada Crypto platforms and custody requirements are in place, but need reform and greater national consistency. There is still no clear framework for stableecoins. Partially implemented but fragmented
USA Quick expansion of cryptoInfrastructure initiatives under Trump administration; No extensive federal frames yet Accelerates
The European Union Full legislative framework for stableecoins, trading platforms and asset supported tokens through mica Fully implemented
Britain StableCOin -licens and crypto -parent rules that move on to completion In progress
Australia Token -classification completed; Legislation for stableecoins and trading platforms in progress In progress
Singapore License regime for digital payment token’s fully operational; Ready StableCOin and Parental Rules of Rules in place Fully implemented
Dubai (UAE) Extensive license for virtual assets and crypto companies through virtual asset regulating authority Fully implemented

What comes next: a strategic turn for industry and advisors

Canada’s political landscape is changing. In order for the digital asset industry to make meaningful progress, it must relocate crypto as a significant economic infrastructure. The focus must be on resilience, modernization and economic competitiveness, not speculation. Advocacy efforts must tie digital assets to wider national priorities such as upgrading payment systems, improving economic stability and maintaining Canada’s economic relevance in a changing global economy.

This approach also means something to advisers and investors. As a legislative framework develops, the demand for compatible and diversified exposure to digital active will only grow. Those who understand how crypto fits in with trusted economic structures and which frame it as part of a wider modernization of financial services will be better placed to capture new opportunities.

Those who adopt this mindset early, across both the industry and advisory sectors, will not only help shape Canada’s next generation of financial regulation, but will also be best placed to take advantage of the growth and innovation that follows.

– Morva Rohani, CEO, Canadian Web3 Council


Ask an expert

Question: How have the recent US choices changed crypto -control landscape?

ONE. The US elections in 2024 launched a major shift in crypto regulation. Over the past three months, the Trump administration has made several significant features in accordance with the promises the president gave to the industry. This includes an executive order to establish a Bitcoin strategic reserve, appointment of a crypto -czar, the creation of a crypto -task force and roundtable discussions on topics such as taxonomy, tokenized securities, custody, registration and defi. Even the most important regulatory bodies have abolished their guidance that banks’ commitment to crypto.

All of these traits have been in an attempt to place the United States as a leader in the digital asset space. Given that the American crypto market is the largest and most influential in the world, these positive developments are likely to help drive crypto rules globally.

Overall, for the first time we get a crypto-friendly regulatory environment, although more clarity and a proper framework will take time to establish.

Question: How does fragmented political landscapes around the world affect stableecoin development and adoption?

ONE. One of the best uses of crypto, stableecoins, has become a significant part of the financial system and, of course, attracted regulatory control. But the global legislative environment remains fragmented and creates uncertainty.

In the United States, authorities are actively working on stableecoin rules. However, the EU and Asia are not eager for the US stacked stableecoins to widespread adoption locally, seeing them as a potential threat to their own monetary sovereignty. After all, StableCeCoin undermines local currencies and enables capital flying, which drives the countries to Digital Fiat, which further complicates the case.

But with the world moving towards a digital financial system, the benefits of stablecoins-inclusive financial inclusion, faster and cheaper cross-border payments that enable defi participation and even to serve as a hedge against inflation-Simpthen not ignored. This means that countries must recognize the growing popularity and demand for stableecoins and embrace innovation or risk being left behind.

And Vincent Kadar, CEO, Polymath


Continue to read

  • Hockey and Crypto – Canadian Crypto Platform NDAX collaborates with the National Hockey League (NHL).
  • The United Kingdom announced plans to cooperate with the United States to increase “responsible” adoption of crypto.
  • Will Arizona be the first US state to form a Bitcoin reserve?

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