With the federal elections of Canada less than a week, Canadians ensure how political leaders intend to treat digital assets. Millions of Canadians hold, use or work in crypto, making it an increasing focal point for economic growth and innovation. This politically important and growing community shapes conversations on the future of finance, voters reporting a cautious opening, not to prohibit or ignore the crypto, but to integrate it in a responsible manner in the Canada financial system with clear protections, responsibility and a prospective policy.
Dean Skurka is a speaker at the 2025 consensus, in Toronto on May 15, appearing with Kevin O’Leary on mainstays.
Canada leadership in digital assets is not theoretical. It has evolved through milestones first of all of its kind, a local innovation and significant regulatory progress, in particular:
- Canada installed the first ATM Bitcoin in the world in Toronto in 2013;
- Ethereum, co-founded by Canadian Vitalik Buterin, started in Canada in 2015;
- Dapper Labs of Vancouver introduced revolutionary NFT platforms like NBA Top Shot, which was launched in 2020;
- The Ontario securities committee and the Canadian Securities Administration introduced a new regulatory framework for crypto negotiation platforms in 2021; And
- Regulatory initiatives such as Fintech sandbox and Alberta blockchain actively support industry growth, which was launched around 2022.
Momentum of voters and public feeling
The pro-Crypto voter base is large, diversified, informed and committed. According to a nanos research study for the Canadian web3 advice:
- Younger Canadians And those who have direct investment experience tend to see the crypto favorably, indicating a generational and experiential change in feeling.
- 60% of Canadians interviewed Support the federal government working with industry experts to develop cryptocurrency regulations and protect the public interest. Only about one in five interviewed opposed.
- 48% of Canadians Let us say that the government should implement a strategy for a “more accessible, inclusive and efficient financial ecosystem” which includes digital assets.
This initiated electoral base, the majority being under 50 years, represents an important political force. The elections and subsequent administration provide political decision -makers with a chance to support voters’ eagerness to the clarity of Canada’s digital future.
In 2022, the conservative chief (Pro-Crypto) Pierre Hairy made the headlines to recommend financial freedom thanks to bitcoin and decentralized finance, calling less control of politicians and bankers and more power in the hands of individuals. He said he wanted to make Canada “the world capital of blockchain”, allowing people to “withdraw” from inflation using cryptocurrencies like bitcoin.
Read more: Nik de – Overview of the Crypto angle of the Canadian election
On the other hand, the former governor of the Bank of Canada, Mark Carney, representing the Liberal Party, while supporting digital innovation, remains skeptical about the idea that cryptocurrencies like Stablecoins will fundamentally reshape the monetary system. He argued that the digital currencies of the Central Bank (CBDC) would be a safer and more stable base for digital money.
“Stablecoins are ultimately only an appendix to the conventional monetary system and not a game changer. CBDC would reduce the risks of digital money and form the basics of a more stable and programmable financial future,” he wrote in 2021.
Meanwhile, the leader of the NDP, Jagmeet Singh, openly criticized the volatility of cryptography, citing the financial losses suffered by the Canadians who joined digital assets as a coverage against inflation.
“We have a leader of the opposition who thinks that he can as a magic inflation by buying a cryptocurrency, who ended up tank and injure people,” he said in 2022.
The candidate selected from this next election has a chance to translate these various opinions into coherent platform frames and improve Canada’s position as a avant-garde and technology-oriented economy.
Global signals: local opportunity
The European Union has implemented the framework of the Crypto-Asets (MICA) markets, offering clear cryptography regulations.
The United States played a catch-up after the election of Donald Trump last November. The US Financial Services Committee has advanced “the stable law of 2025”, an important step towards the creation of a federal regulatory framework for Stablecoins. And bipartite efforts such as the Virtual Currency Tax Showerness Act offer exempt from small cryptographic transactions less than $ 200 of taxes on capital gains. Congress managers are now working on a full “market structure” bill for crypto and regulators are open to work with companies to adapt existing laws to modern needs.
Canada is well placed to do the same. With the right politicians, we can continue to attract leading talents, keep local businesses here and strengthen our world voice in web3.
The choice is ours.
Why political clarity is important
Clarity on digital asset policy will affect the way Canadians save, invest and pass; If new jobs and industries are built here or abroad; And if our country will direct or follow in a quickly emerging digital sector.
Digital assets offer tangible advantages such as faster and cheaper funds for new arrivals supporting families abroad, financial tools more accessible for poorly served communities and diverse investment alternatives in times of economic uncertainty. Beyond personal finances, blockchain technology has a real potential for modernizing Canada’s financial infrastructure, improving anti-fraud efforts and improving transparency in sectors such as supply chain management and government services.
The Canadian Web3 advice has called for the integration of blockchain into the broader innovation strategy of Canada, urging federal support for talent development, financing and creating a national blockchain strategy. They plead for clear executives around decentralized finance (DEFI), the regulation of Stablescoin and Canada to play a leadership role in global conversations in digital assets.
The role of industry and community
The responsibility to underline the importance of cryptography largely falls to the industry itself. Initiatives like Stand with Crypto Canada (a national advocacy campaign supported by Wonderfi and nine other large companies) actively educate political voters and decision -makers on the economic advantages of clear cryptography regulations.
Similarly, the Canadian crypto campaign of Blockchain North for the Canadian crypto, featuring eminent opinion leaders, helps unify the votes of industry, highlighting the need for proactive political conversations with leaders.
We have talent. We have the infrastructure. And we have momentum.
Now, we need leaders who see crypto not as a fleeting trend, but as a powerful opportunity to fuel Canada’s economy and empower a new generation of manufacturers, investors and innovators.
The digital economy is there. The only question is: will Canada lead?
