Advocacy

Policy Direction

The Canadian Web3 Council (CW3) is at the forefront of advocating for responsible public policy that supports the growth of the digital asset sector in Canada.

By creating an environment where Web3 innovation is backed by robust policies, digital assets can play a transformative role in Canada’s economy, enhancing choice and opportunities for all Canadians.

Regulatory Clarity

CW3 supports the adoption of a regulatory framework that is clear, transparent, and consistent. Regulatory clarity is crucial for protecting consumers and investors while fostering innovation and investment in the Web3 space.

We urge the government to engage with industry stakeholders to understand their priorities and develop fair, effective, and practical regulations. By aligning Canada’s framework with global standards, we can ensure Web3 technologies thrive under a balanced regulatory regime.

Collaborating through Industry Consultations

Governments in Canada regularly conduct public consultations, inviting respondents to share their views on various issues affecting Canadians.

CW3 actively participates in consultations and working groups to shape the Web3 agenda in Canada. The government needs input from industry stakeholders to assist in developing effective, bespoke solutions for the industry.

By taking a collaborative approach, we can ensure that all stakeholders’ voices are heard, building consensus and crafting well-informed policies that support the safe and beneficial use of Web3 technologies.

Supporting Canada’s Blockchain Ecosystem

CW3 champions the integration of blockchain into Canada’s technology and innovation goals. We believe that federal and provincial support in the form of funding, talent development, and access to capital are crucial to realizing blockchain’s potential to enhance Canada’s economy.

We urge the government to explore blockchain’s use cases, including in anti-money laundering and anti-fraud efforts, as well as its potential benefits in enhancing the overall efficiency and security of the financial sector.

Further, we encourage the development of a national blockchain strategy that aligns with broader innovation strategies and addresses key concerns related to productivity, competition and modernization in Canada’s digital economy. A coordinated approach will help Canada capitalize on the immense potential of Web3 technologies.