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Canadian crypto leaders launch Web3 Council to push for national digital assets strategy

FP | Stephanie Hughes | Mar 29, 2022

Web3 - Canadian crypto leaders launch Web3 Council to push for national digital assets strategyThe council comes at a time when Web3, a term to describe a new iteration of the world wide web based on blockchain technologies, is rapidly innovating

The heads of some of Canada’s biggest cryptocurrency companies are coming together to create a new industry group to push for a national strategy on crypto and digital assets.

The Canadian Web3 Council, which is being formally launched on Tuesday, includes representative from a range of organizations that have been active in the Web3 technologies space, including Wealthsimple, Dapper Labs, Ledn, Ether Capital, WonderFi Technologies Inc., Aquanow, Aciom Zen, Chainsafe Systems, ETHGlobal, Figment and Informal Systems (Cosmos).

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The co-founders of the non-profit trade association, Jelena Djuric of Informal Systems and Connor Spelliscy, who co-founded the American industry group The Blockchain Association, hope the council can help further establish Canada’s footprint in the Web3 space by helping the industry collaborate with all levels of government.

“The Canadian Web3 community has led the charge on some of the most innovative and high-valued projects globally,” Djuric and Spelliscy said in a press release. “World-changing talent and creativity often starts in Canada, only to flourish elsewhere. We can’t afford to miss the opportunity to nurture these talents domestically, for the benefit of all Canadians.”

The council comes at a time when Web3, a term to describe a new iteration of the world wide web based on blockchain technologies, is rapidly innovating. It also comes amid growing conversations surrounding these technologies, which the council hopes to form a national consensus on how policies should approach this space in a more productive, less restrictive way.

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For Ether Capital chief executive officer Brian Mosoff, the council is about creating a better conversation to bridge the gap between the crypto space and policy-makers.

“I want there to be better dialogue, more open conversation between whoever is thinking about the space, who doesn’t understand the lexicon, the terminology, the technology, who may be bogged down by flashy headlines or short-term news cycle stories — but then misses the wider picture of what’s happening and what the opportunity may be for the country,” Mosoff told the Financial Post.

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NCFA Jan 2018 resize - Canadian crypto leaders launch Web3 Council to push for national digital assets strategyThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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