Web3 Council Launches to Empower Canada’s Digital Landscape
A group of financial technology pioneers has launched the Canadian Web3 Council, a nonprofit trade association aimed at catapulting Canada to the forefront of the global digital economy. Picture this: a coalition of exchange platforms, blockchain projects, and tech investors all pulling in the same direction, forging policies that strike a balance between innovation and consumer protection. It’s like the ‘Avengers’ but for digital currencies!
A Star-Studded Membership Kicks Off
As of now, the Council boasts an impressive roster of 11 members, including the likes of Aquanow, Axiom Zen, and Dapper Labs. These firms are undeniably the superheroes of the blockchain realm, and they all have one mission in common: elevate Canada’s presence in the competitive Web3 arena.
Warning: Don’t Miss the Web3 Boat!
In an enlightening open letter posted on March 29, the Council expressed a pressing concern: Canada might miss the Web3 wave. The Council’s mission is to ensure that Canadians are not left behind in this digital revolution, describing their goal as creating an environment conducive to industry growth.
Collective Power in Action
Phil Sham, CEO of Aquanow, described the significance of banding together. He articulated how collaborative efforts can effectively engage policymakers: “It makes sense to partner with peers to share ideas and coordinate our engagement efforts.” It’s like when you and your friends pull resources for a joint gift; collective action is not only powerful but also smart!
Learning from Others: Toward a Canadian Crypto Strategy
Members of the Council look to Europe, particularly the EU and Switzerland, which have established robust cryptocurrency strategies. According to their statement, the need for a comprehensive Canadian regulatory framework is more pressing than ever. Hatcher Lipton, co-founder of ChainSafe Systems, emphasized that this is an opportunity for a community-driven policy approach, putting Canada on the global Web3 map.
What’s Next for the Council?
The Canadian Web3 Council is already gearing up for a series of dialogues within the Web3 community. By shaping its mission collaboratively, this group aims to pave the way for transparency and effective policy solutions that benefit all stakeholders.
