11 COMPANIES FORM CANADIAN WEB3 COUNCIL TO ADVOCATE FOR COMPREHENSIVE CRYPTO STRATEGY

Last updated: June 19, 2025, 20:24 | Written by: Fred Ehrsam

The digital landscape is rapidly evolving, and with it, the influence of Web3 and cryptocurrencies continues to grow.In a move to ensure Canada remains competitive in this burgeoning sector, a consortium of eleven leading financial technology firms has united to form the Canadian Web3 Council. JPEX staff flee event as scandal hits, Mt. Gox woes, Diners Club crypto: Asia Express. SeptemThis non-profit trade association is dedicated to working with policymakers to champion a comprehensive crypto strategy, ensuring Canada not only participates but thrives in the global digital economy.Imagine a future where Canada is a hub for blockchain innovation, attracting talent and investment while safeguarding consumers.This council aims to make that vision a reality. Web3 Council issued the open letter on 29th March. At the start, there are 11 participants in the association including WonderFi Technologies, Wealthsimple, Ledn, Informal Systems, Figment, ETHGlobal, Ether Capital, Dapper Labs, Chainsafe Systems, Axiom Zen, and Aquanow.By bringing together exchange platforms, blockchain projects, and tech investors, the Canadian Web3 Council will advocate for blockchain-related policies that strike a delicate balance between fostering innovation, protecting consumers, and propelling Canada to the forefront of the Web3 revolution. 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy. Open in App. Get 45% OffThe council's primary focus is the development and implementation of a national strategy for cryptocurrency and digital assets, aiming to create a clear and effective regulatory framework. 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy Published at: Ma 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.This initiative reflects a proactive approach to shaping the future of finance and technology in Canada, ensuring it's prepared for the opportunities and challenges that lie ahead.The formation of this council signals a pivotal moment for the Canadian digital economy.

The Birth of the Canadian Web3 Council: A Necessary Step

The emergence of the Canadian Web3 Council is a direct response to the increasing importance of Web3 technologies and the growing need for regulatory clarity within the cryptocurrency space. About Press PressWeb3, often touted as the next iteration of the internet, promises a decentralized and user-centric experience powered by blockchain technology. 11 COMPANIES FORM CANADIAN WEB3 COUNCIL TO ADVOCATE FOR A COMPREHENSIVE CRYPTO STRATEGY A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association ForexMailer - 11 COMPANIES FORM CANADIAN WEB3 COUNCIL TOUnlike the current Web2 model, where data and control are largely centralized in the hands of a few tech giants, Web3 aims to distribute power more evenly among users, fostering greater transparency and ownership.This fundamental shift necessitates a new approach to regulation, one that encourages innovation while protecting individuals and businesses from potential risks.

The council's formation underscores a growing recognition that Canada needs a comprehensive strategy to effectively navigate the complexities of the digital asset market. 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy instabitcoin bitcoin airdrop SmartContracts fintech buyordersWithout a clear regulatory framework, businesses operating in the crypto space face uncertainty, which can stifle innovation and drive investment elsewhere. 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy David Attlee 20 A group of financial technology firms has formed theCanadian 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.The council seeks to address this challenge by collaborating with policymakers to develop a regulatory environment that is both forward-thinking and pragmatic.Citing the forward thinking digital asset regulatory framework already present in places like the European Union and Switzerland, the council hopes to work with policy makers to establish similar guidance.

Who are the Founding Members? 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy 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 atThe 11 Trailblazers

The Canadian Web3 Council boasts a diverse and influential group of founding members, representing a wide range of expertise within the blockchain and cryptocurrency ecosystem. 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy David Attlee 20 摘要: The association will champion the creation of a clear digital asset regulatory framework for Canada.These companies have already established themselves as leaders in their respective fields and are committed to shaping the future of the digital economy in Canada. A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association that will work with policymakers 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy - Mount Rushmore CryptoHere's a list of the 11 founding members:

WonderFi Technologies: A company focused on building the infrastructure for the next generation of finance.
Wealthsimple: A popular online brokerage platform offering access to a variety of investment products, including cryptocurrencies.
Ledn: A platform providing crypto-backed loans and savings accounts.
Informal Systems: Specializing in building secure and scalable blockchain solutions.
Figment: A leading provider of staking infrastructure and services for blockchain networks.
ETHGlobal: An organization dedicated to supporting the Ethereum developer community through hackathons and educational programs.
Ether Capital: A publicly traded company focused on investing in the Ethereum ecosystem.
Dapper Labs: The creator of popular blockchain-based games and collectibles, including CryptoKitties and NBA Top Shot.
Chainsafe Systems: A blockchain research and development firm focused on building open-source infrastructure.
Axiom Zen: A venture studio known for building successful blockchain-based products and companies.
Aquanow: A leading digital asset infrastructure and liquidity provider.

This diverse coalition of companies brings a wealth of knowledge and experience to the table, positioning the council as a powerful advocate for a comprehensive and balanced crypto strategy in Canada. Not wanting to be left behind in the all-encompassing crypto takeover, Canadian Web3 Council was formed by 11 members including the likes of Ether Capital, Dapper Labs and others.Each member contributes a unique perspective, ensuring that the council's recommendations reflect the diverse needs and interests of the entire digital asset ecosystem.

The Council's Mission: Championing a Clear Digital Asset Regulatory Framework

The Canadian Web3 Council has a clear and ambitious mission: to champion the creation of a clear digital asset regulatory framework for Canada.This framework is envisioned to be comprehensive, covering all aspects of the cryptocurrency and blockchain industry, from digital asset exchanges to decentralized finance (DeFi) protocols. 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy Advocate Canadian Companies comprehensive Council CryptoThe council believes that a well-defined regulatory landscape is essential for fostering innovation, attracting investment, and protecting consumers.

Here are some key aspects of the regulatory framework that the council aims to promote:

Clarity and Certainty: Providing clear guidelines for businesses operating in the crypto space, reducing uncertainty and encouraging investment.
Consumer Protection: Implementing safeguards to protect consumers from fraud and other risks associated with digital assets.
Innovation-Friendly Regulations: Striking a balance between regulation and innovation, allowing businesses to experiment and develop new technologies.
Compliance and Enforcement: Establishing clear rules for compliance and effective enforcement mechanisms to ensure that regulations are followed.
International Alignment: Aligning Canadian regulations with international standards to facilitate cross-border transactions and collaboration.

By advocating for these principles, the Canadian Web3 Council hopes to create a regulatory environment that is both conducive to growth and protective of consumers, ultimately positioning Canada as a leader in the global digital economy.

Advocating for a National Crypto Strategy: A Roadmap for Success

A core priority of the Canadian Web3 Council is to advocate for the development and implementation of a national crypto strategy.This strategy would serve as a roadmap for Canada's participation in the global digital asset market, outlining clear goals, priorities, and action plans. 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.The council believes that a national strategy is essential for coordinating efforts across different government agencies and ensuring that Canada's approach to crypto is cohesive and effective.

The national strategy would address several key areas, including:

Regulatory Framework: Developing a comprehensive and consistent regulatory framework for digital assets.
Innovation and Research: Supporting research and development in blockchain technology and related fields.
Education and Awareness: Promoting education and awareness about cryptocurrencies and blockchain technology among consumers and businesses.
Infrastructure Development: Investing in the infrastructure needed to support the growth of the digital asset market, such as digital identity solutions and secure payment systems.
International Collaboration: Engaging in international collaboration to share best practices and coordinate regulatory approaches.

By implementing a national crypto strategy, Canada can create a favorable environment for innovation, attract investment, and position itself as a leader in the global digital economy.

Why is a Comprehensive Crypto Strategy Important?The Benefits for Canada

The development and implementation of a comprehensive crypto strategy is crucial for Canada's long-term economic prosperity and competitiveness.The Canadian Web3 Council understands the many benefits such a strategy can offer.Here are some key reasons why a comprehensive strategy is so important:

Economic Growth: The digital asset market is a rapidly growing industry with the potential to create significant economic opportunities for Canada. The association will champion the creation of a clear digital asset regulatory framework for Canada.A comprehensive strategy can help attract investment, create jobs, and drive innovation.
Innovation and Technological Advancement: Cryptocurrencies and blockchain technology are driving innovation across a wide range of industries, from finance to healthcare to supply chain management.A comprehensive strategy can help Canada stay at the forefront of these technological advancements.
Global Competitiveness: Countries around the world are developing their own crypto strategies. Web3 says the next phase of the internet puts the World Wide Web in the control of people and is powered by blockchain technology. The council s first priority is to advocate for a national strategy for cryptocurrency and digital assets, according to the news release.A comprehensive strategy is essential for Canada to remain competitive in the global digital economy.
Consumer Protection: A well-defined regulatory framework can help protect consumers from fraud and other risks associated with digital assets.
Financial Inclusion: Cryptocurrencies can provide access to financial services for underserved populations, promoting financial inclusion and economic empowerment.

By embracing a comprehensive crypto strategy, Canada can unlock the full potential of digital assets and secure its position as a leader in the global digital economy. 11 companies form Canadian Web3 Council to advocate for Coin SurgesFailing to do so risks falling behind other countries that are actively embracing these transformative technologies.

What are the Challenges Facing the Canadian Web3 Council?

While the Canadian Web3 Council has a clear vision and a strong foundation, it faces several challenges in achieving its goals.Overcoming these obstacles will be crucial for the council's success and for the broader adoption of Web3 technologies in Canada.One key challenge is educating policymakers about the complexities of cryptocurrencies and blockchain technology, ensuring that regulations are based on accurate information and a deep understanding of the industry.

Some of the key challenges include:

Regulatory Uncertainty: The lack of a clear regulatory framework for digital assets in Canada creates uncertainty for businesses and investors.
Public Perception: Cryptocurrencies are still viewed with skepticism by some members of the public, due to concerns about volatility, fraud, and illicit activities.
Talent Shortage: There is a shortage of skilled professionals with expertise in blockchain technology and related fields.
Competition from Other Jurisdictions: Canada faces competition from other countries that are actively attracting crypto businesses and investment.
Coordination and Collaboration: Effective coordination and collaboration among government agencies, industry stakeholders, and academic institutions is essential for developing and implementing a successful crypto strategy.

The Canadian Web3 Council must work to address these challenges by engaging in proactive communication, education, and advocacy efforts, building trust and fostering collaboration across different sectors.

How Can Canadians Get Involved? The heads of some of Canada s biggest cryptocurrency companies are coming together to create a new industry group to push for a national strategy on crypto and digital assets.Supporting the Web3 Movement

The success of the Canadian Web3 Council and the broader adoption of Web3 technologies in Canada depends on the active participation of individuals and organizations across the country.There are many ways that Canadians can get involved and support the Web3 movement.

Here are some actionable steps:

Educate Yourself: Learn more about cryptocurrencies, blockchain technology, and the Web3 ecosystem. 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 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategyNumerous online resources, courses, and communities are available to help you get started.
Support Web3 Businesses: Patronize businesses that are building and utilizing Web3 technologies.
Engage with Policymakers: Contact your elected officials to express your support for a comprehensive crypto strategy in Canada.
Join Web3 Communities: Participate in online and offline communities focused on Web3 and blockchain technology.
Invest in Web3 Projects: Consider investing in promising Web3 projects and companies.
Develop Your Skills: Acquire skills in blockchain development, smart contract programming, and other Web3-related areas.

By taking these steps, Canadians can contribute to the growth and development of the Web3 ecosystem in Canada, ensuring that the country remains competitive in the global digital economy.

The Future of Crypto in Canada: A Vision of Innovation and Growth

The formation of the Canadian Web3 Council signals a pivotal moment for the future of crypto in 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 innovationWith a dedicated group of industry leaders working to advocate for a comprehensive crypto strategy, Canada has the potential to become a hub for innovation and growth in the digital asset market. 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy. Read this full reportThis vision of the future includes a thriving ecosystem of Web3 businesses, a robust regulatory framework that protects consumers and fosters innovation, and a skilled workforce capable of driving technological advancements.

The council's efforts will be instrumental in shaping the future of crypto in Canada, fostering a dynamic and inclusive digital economy that benefits all Canadians.The Canadian Web3 Council's open letter issued on March 29th underscores the urgency and importance of establishing a clear national strategy for cryptocurrency and digital assets. Web3 Council will champion the creation of a clear digital asset regulatory framework for Canada.The collaboration between industry leaders and policymakers is essential to create a sustainable and innovative environment. 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy Posted on Ma by RJM 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.The creation of a Canadian regulatory framework will help attract foreign investment and talent.The association will champion the creation of a clear digital asset regulatory framework for Canada.

Conclusion: A Call to Action for a Digital Future

The formation of the Canadian Web3 Council is a significant step towards ensuring Canada's competitiveness in the rapidly evolving digital landscape.By advocating for a comprehensive crypto strategy, the council aims to unlock the full potential of Web3 technologies, fostering innovation, attracting investment, and protecting consumers. The association will champion the creation of a clear digital asset regulatory framework for Canada. The post 11 companies form Canadian Web3 CouncilThe collaboration between industry leaders and policymakers is essential for creating a dynamic and inclusive digital economy.The Canadian Web3 Council is working towards a brighter future for Canada's role in the global digital asset revolution. Bringing together exchange platforms, blockchain projects and tech investors, the association will work to advance blockchain-related policies that balance innovation, consumer protection andWe must all consider how we can help and encourage forward thinking initiatives that embrace progress and protect Canadians at the same time.This council represents a collective effort to establish Canada as a leader in the digital age, and its success will depend on the active participation and support of individuals and organizations across the country.The council is seeking to advance blockchain-related policies that balance innovation, consumer protection and is aiming to build on examples of the European Union and Switzerland.It's a call to action for a digital future where Canada thrives on innovation and inclusivity.This council is dedicated to working with policymakers to champion a comprehensive crypto strategy, ensuring Canada not only participates but thrives in the global digital economy.