Breaking news: The Federal Government of Canada delays crypto/blockchain regulation update until 2020

The government of Canada has delayed the update on crypto regulations from this fall until 2020. The government is currently getting ready for the 2019 general election which has warranted a delay in the regulations that were being expected this fall. There will also be a 12-month waiting period for the regulations to be effective. The country had released a draft of regulations in June 2018 but the current delay is interpreted by some as being positive while other parties believe this could hurt the nation’s competitive edge in the market.

More to follow


Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

BEST BROKERS TO TRADE CRYPTO

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.