The Canadian Web3 Council was recently launched by industry leaders to promote the wider use of Web3 technology including blockchain and cryptocurrency.

The goal of the Council, a non-profit trade association, is to encourage the growth of Web3 technology through policy innovation. The Council aims to accomplish this through a mixture of public education and advocacy with regulatory authorities and government.

The association’s membership includes financial products and exchange platforms aimed at investors and open-source blockchain projects while advocating for public policy. In its opening statement, the Council warned that Canada could fall behind if the legal and regulatory challenges are not met.

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For more information, please call Barbara Hendrickson at BAX Securities Law (416) 601-1004.

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