Speaking at the Collision conference in Toronto, Lucas Matheson, country director of Coinbase Canada, said that Canadian regulators are more cooperative in the cryptocurrency space than the United States, but lawmakers are not engaged enough. He stressed that political leaders in other countries often develop long-term strategic plans to integrate digital assets into the economic system, and Canada is lacking in this regard. Still, Canada is an exception when it comes to stablecoin regulation, with the industry working closely with governments and regulators. Coinbase entered the Canadian market in August 2023 and has been granted restricted dealer and international dealer licenses. It is expected that by 2026, Canada will implement an international crypto asset reporting framework to strengthen tax regulation.