Canada postpones cryptocurrency and blockchain regulations for 2019

[Brazio]

After learning that the cryptocurrency and blockchain regulations that were scheduled for this fall in Canada have been postponed, the Bitcoin Magazine portal contacted several leaders within the industry of that country to register their impressions regarding the postponement and the consequences that they believe, will bring the situation. The new regulations will be discussed at the end of next year and then implemented in 2020.

In a little more than a year the federal elections of Canada will be celebrated, reason why the government has the vision put in other interests very moved away of the regulations that it had thought to emit in autumn. After several people expressed concern to see a draft in June, which contained stricter regulations, consider postponement is something positive.

However, there are people who believe otherwise because the delay can damage the country's competitiveness within the cryptocurrency market and see, for example, Switzerland and Malta are taking the lead by having fewer regulations and a fiscal environment than favors the activity.

The Blockchain Association of Canada (BAC) appreciates the caution with which the government acts and think that the comments and recommendations made regarding the deletion were positive and that contributed to the government deciding to delay the new legislations.

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