The Committee of the House of Communities of Canada recommended supporting the blockchain industry – Bits Media

While US regulators are trying to strangle the digital currency industry, Parliamentarians of Canada decided to recommend to local officials to develop blockchain industry.

Industry Committee and Technologies of the Lower Chamber of the Canadian Parliament, House of communities, published a large -scale research report on the development of blockchain in the country. The authors of the study emphasize, that Canada needs to maintain and develop an industry of a distributed registry and cryptocurrencies.

In a document called "Distributed Register Technology: Cryptocurrencies and not only "emphasizes the potential of the blockchain for the digitalization of various sectors of the economy and increase the capitalization of enterprises. For this, According to the compilers of the document, The Canadian government needs to recognize the blockchain as a new branch of the economy and agree with its significant economic prospects. Wherein, Consider parliamentarians, The current regulatory policy of Canada in relation to cryptocurrencies works quite well:

“The regulatory environment is the main reason for, that Canadian firms were not too much affected by cataclysms in the world cryptocurrency industry. Besides, Similar upheavals can hardly occur in Canada ".

Previously, leaving Canada announced
The largest cryptocurrency exchange of Binance.