Opinion: Canada must stop dragging its feet on crypto regulation - The Globe and Mail

The Globe and Mail has published an opinion piece arguing that Canada should move faster on crypto regulation rather than continuing to deliberate. The article is commentary rather than a report of new policy: it reflects a view that clearer rules are needed, not an announcement from regulators or government.

The broader relevance lies in how regulatory clarity shapes market structure. Where rules are well defined, exchanges, custodians and token issuers face a clearer compliance path, and investors gain more consistent disclosure and consumer protections. Where regulation lags, activity can migrate to less supervised venues and firms may delay product launches or listings. For Canadian market participants, the pace of rulemaking therefore affects which platforms serve domestic users, how assets are custodied, and how digital assets are treated for tax and reporting purposes.

What to watch: whether federal and provincial regulators respond with concrete consultations or timelines, and whether any proposals address stablecoins, custody and disclosure standards. Until formal rules are published, the opinion piece should be read as a contribution to the debate rather than a signal of imminent change.