In Canada, no laws have been enacted that officially call cryptocurrencies illegal. That is why many cryptocurrency businesses can function in the country without any objections. Such an open-minded attitude helps people try out something new and make the most of new technology for future opportunities and advancement. However, we think that this type of attitude might not be present for too long here. Even so, Canada is considered a crypto friendly country. Cryptocurrency bank Over the last few years, with the rise and fall in price of crypto assets and the increased media coverage and conversations about crypto, we have heard so many naysayers argue that we don’t “need” crypto and that there is no way to justify its value. Even as an educator to financial professionals, I have said we don’t really need crypto in the U.S. or even in western democracies.
"What we were hearing across the board, is that while every currency might not survive – there may not be room for thousands of coins— there's something about the potential of this asset class and the underlying technology that would be prudent for us to stand up support for it," she said. What are cryptocurrency savings accounts? CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.