Some of these concerns are worthy of debate, but as a member of the cryptocurrency community for nearly a decade, and now CEO of a publicly traded company that sits at the cross-section of traditional finance and this new world, I’d like to paint a different picture of this asset class.
Governments and regulators worldwide are trying to figure out how to force this emerging asset class into existing legal frameworks, such as securities laws and anti-money laundering legislation. While the nascent, but quickly maturing, crypto industry is generally supportive of such measures, Canada and other G20 nations should bring a thoughtful approach to legislation.