Summary:
Bill C-249, also known as the Encouraging the Growth of the Cryptoasset Sector Act, aims to develop a national framework to support and promote the cryptoasset sector in Canada. The Minister of Finance will be responsible for creating this framework, which will focus on reducing barriers to entry into the sector, protecting individuals working in the sector, and minimizing administrative burdens. The Minister will actively consult with designated persons from the provinces and territories who have experience in the cryptoasset sector. The framework will be developed based on these consultations and will be open to public submissions and comments. Within three years of the Act coming into force, the Minister will prepare a report outlining the framework, which will be tabled in Parliament and made available to the public. It's important to note that this Act does not require provinces to take specific actions that fall within
Concurrence in Committee Reports
Report No. 9 - Bill C-316, An Act to amend the Department of Canadian Heritage Act (Court Challenges Program) - Extension - Standing Committee on Canadian Heritage