The Canadian Web3 Council (CW3) is at the forefront of advocating for a modernized financial system that integrates Web3 technologies responsibly. Canada must keep pace with global financial innovation—removing barriers, fostering competition, and creating an environment where Web3 businesses and financial institutions can thrive together.
Through collaboration with policymakers, regulators, and industry leaders, CW3 bridges the gap between the government and the Web3 sector. By driving policy discussions, participating in consultations, and pushing for modern frameworks and balanced regulations, we work to keep Canada competitive, secure, and financially inclusive.
Expand financial access by enabling digital wallets and modern payment solutions for Canadians and businesses. We seek fair access to banking for Web3 businesses by fostering collaboration with financial institutions and ensuring a clear, consistent approach to serving regulated fintechs and digital asset firms.
Establish an appropriate framework for CAD-backed stablecoins to support faster, cheaper transactions while maintaining financial stability. Support the growth of cold storage digital asset custody providers in Canada to protect investors from jurisdictional risks, and strengthen Canada’s critical infrastructure.
Allow Canadians to hold Bitcoin and Ethereum in RRSPs and TFSAs, expanding access to digital assets as a wealth-building tool. Introduce tax incentives for Web3 innovation and strengthen investor protections, including extending CIPF coverage to digital assets.
Streamline digital asset regulations with clear language and standardized definitions to lower compliance burdens and strengthen investor protection. Align Canada’s Web3 policies with global leaders to ensure regulatory clarity, competitiveness, and responsible financial innovation.
Strengthen protections against illicit financial activity through clear regulations, robust compliance measures, and modern enforcement tools. Promote collaboration between industry and regulators to enhance fraud detection and improve oversight across both traditional and digital financial systems. Support the responsible use of blockchain analytics and payment tracking to increase transparency and accountability in financial transactions.
If you’re interested in building the future digital economy, we want to hear from you!
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