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Decentralized Democracy

House Hansard - 53

44th Parl. 1st Sess.
April 5, 2022 10:00AM
Context: House Hansard - 53 - Apr/5/22
Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)
Madam Speaker, I thank the member for Calgary Nose Hill for putting the bill forward in such a non-partisan manner. There is a huge opportunity for Canada. We just need to look at what happened with Ethereum. Ethereum was largely developed in Canada, but has moved to Switzerland. Why? It is because countries like Switzerland and Japan have clearly laid out national rules that explain what kind of development, what kinds of tokens, what kind of crypto, what kinds of applications can fuel the blockchain industry, particularly when we look at the opportunities of Web 3.0. I have spoken with people in this space, innovators who simply want to be able to get a bank account so they can start. Unfortunately, there are many misconceptions with regard to the industry. I was hoping that the member might be able to point out some of the challenges Canadian innovators have had and continue to have.
156 words
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