Coinbase Canada CEO calls on government to quickly develop national crypto strategy

Mars Finance News, according to CoinDesk, Coinbase Canada CEO Lucas Matheson urged Mark Carney's new government to quickly develop a national crypto strategy at the Consensus 2025 conference in Toronto. Matheson suggested establishing a dedicated crypto working group within 100 days of the government taking office, clearly defining digital assets, regulating stablecoins, and allowing banks to safely hold cryptocurrencies. He emphasized that Canada needs a stablecoin denominated in Canadian dollars, noting that current international remittance costs are as high as 6%-12%, and crypto technology can significantly reduce these fees. Matheson also stated that about 15% of Canada's population is underbanked, and crypto technology can provide innovative solutions for them. Matheson warned that without swift action, Canada might fall behind in global crypto financial competition, forcing citizens to use foreign platforms, increasing risks and losing economic opportunities.