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

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

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.

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Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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