Stand with Crypto was born in the US as a movement focused on mobilizing the crypto community, the team at Coinbase (NASDAQ:COIN) notes in a blog post.
Coinbase explains that Stand with Crypto in Canada is “all about shining a light on the pioneers building businesses onchain, driving real-world use cases, and solving society’s problems with blockchain technology.”
Coinbase says that they believe that Canada “can be a leader internationally in the adoption and commercialisation of this transformative technology, and it begins with crypto.”
With an estimated 5 million crypto holders calling Canada home, Coinbase says that now is “the perfect time to rally Canadian voices and ensure they’re seen and heard.”
According to a survey Coinbase conducted “with Angus Reid, 86% of Canadians agree the Canadian financial system could use an update.”
The majority feel that the system is “not fair for everyone (80%), is out of touch (76%) and is designed to benefit corporations (83%) and the wealthy (73%). 72% think that the regulation of cryptocurrency exchanges is important.”
Nearly a third of Canadians (29%) said “they would be more inclined to buy cryptocurrency if there was more regulation in the industry.”
The “appetite for this movement” in Canada is clear, Coinbase claims.
Policymakers have expressed a desire “to deepen their understanding of the opportunities presented by emerging technologies like blockchain, and industry needs to do a better job of explaining the social and economic value that can be unlocked through applications of cryptocurrency, blockchain and decentralized innovation.”
SwC reached a significant milestone “with a launch event today on Friday, 12th July in Calgary on the sidelines of the Calgary Stampede.”
The session heard remarks from “the Honourable Dale Nally, Minister of Service Alberta and Red Tape Reduction; Lucas Matheson, CEO, Coinbase Canada; Tom Duff Gordon, Vice President of International Policy at Coinbase; Alexis Pappas, Chief Innovation Officer, GuildOne Inc.; and Samantha Robertson, Director of Global Energy Strategy, at Bitdeer. The event brought together some 100 blockchain entrepreneurs, industry leaders, investors, leading academics and media.”
The launch event is the culmination of “a week-long trade mission in Alberta organised by the Canadian Blockchain Consortium.”
Delegates met with Danielle Smith, “the Premier of Alberta; Honourable Nathan Neudorf, Minister of Affordability and Utilities, Government of Alberta; Alexis Pappas, Chief Innovation Officer, GuildOne Inc. and Samantha Robertson, Director of Global Energy Strategy at Bitdeer.”
The agenda was designed to “foster collaboration between Government and industry, to ensure that collaborative governance of the digital asset ecosystem results in common-sense regulation.”
The Calgary launch marks “a pivotal moment in the campaign’s expansion.”
As SwC continues to grow, its impact “on Canada’s blockchain landscape is set to be profound, fostering a grassroots movement that champions blockchain innovation and economic growth.”
