News 
Coin Information 
About us 
Fred Pye, a noteworthy figure in the digital currency landscape, has discussed how Canada's progressive policies and regulations around crypto trading are luring investors toward this dynamic market.
As Bitcoin's whirlwind fascination has settled, major institutional investors and portfolio administrators have started to perceive the leading cryptocurrency as a viable investment avenue. Fred Pye, the driving force behind 3iQ, the pioneering Bitcoin fund in Canada, echoed this viewpoint. Pye shared insights into how Canada's advanced crypto trading regulations have been an irresistible magnet, pulling investors into digital assets.
Pye suggests that in the face of worldwide inflationary pressures and macroeconomic hurdles, fund managers and institutional investors controlling diverse portfolio assets are searching for alternative ways to invest.
He argues that the story goes beyond mere profit maximization. He foresees that in the coming years, for these big institutional players, applications of cryptocurrencies will become a dominant theme. Legal obstacles to institutional acceptance have existed for some time now. However, Canada has commendably stepped up to the plate, leading the launch of crypto ETFs in North America. This is particularly noteworthy given the skepticism from the U.S. Securities and Exchange Commission regarding the digital currency space.
Over recent years, Canada's regulatory bodies have approved numerous crypto ETFs, including Bitcoin and Ether offerings from 3iQ. This has led to a remarkable influx of capital into their digital asset offerings.
The latest move from Canada in the digital asset space has seen them launch public consultations regarding a potential Central Bank Digital Currency (CBDC). The local financial authority is seeking the opinions of Canadian citizens on the characteristics they would like to see in a potential digital version of the Canadian dollar. The responses to these consultations are anticipated to be shared publicly later this year.
Comment 0