TechFlow news, May 15 — According to CoinDesk, Lucas Matheson, CEO of Coinbase Canada, urged Mark Carney's new government during the Consensus 2025 conference in Toronto to swiftly establish a national cryptocurrency strategy. Matheson recommended forming a dedicated crypto working group within 100 days of the government taking office, clearly defining digital assets, regulating stablecoins, and allowing banks to securely hold cryptocurrencies. He emphasized Canada’s need for a Canadian dollar-denominated stablecoin, noting that current international remittance costs range from 6% to 12%, while crypto technology could significantly reduce these fees. Matheson also stated that approximately 15% of Canadians are underbanked, and crypto technology could offer innovative solutions for this population.
Matheson warned that without swift action, Canada risks falling behind in the global crypto finance race, forcing its citizens to use foreign platforms, increasing risks and causing loss of economic opportunities.
