Coinbase Calls On Canada To Adopt Clear Rules For Crypto

Coinbase Calls On Canada To Adopt Clear Rules For Crypto CryptoProwl Wed, July 29, 2026 at 3:31 PM GMT+2 2 min read COIN Coinbase Calls On Canada To Adopt Clear Rules For Crypto Coinbase Global (NASDAQ: $COIN) is calling on Canada to adopt clear and permanent rules to govern the cryptocurrency industry. At a Toronto conference, Coinbase Canada CEO Eric Richmond said that Canada's regulatory framework needs to evolve if the country wants to keep pace with the rest of the world. Richmond's comments come as Coinbase pushes into the Canadian market with plans to offer crypto trading and a broad suite of financial products built on blockchain technologies.

More From Cryptoprowl: MEXC Adds Five Ondo Tokenized Stocks Spanning Semiconductors to Power Infrastructure Hyperliquid To Add Decentralized Prediction Market TokenInsight Q2 2026 Report: TradFi Momentum Lifts MEXC to No. 2 in Commodity Perpetuals Ramp Network Brings Multichain Wallet and Rewards to EU MEXC Expands Ondo Tokenized Stock Offerings with AI Infrastructure and Mining Assets The Canada CEO has said that Coinbase wants to become an everything app for users across the country. "We want to have all your financial services in one place," Richmond said at the Blockchain Futurist Conference held in Toronto.

"We want to be that everything exchange... " However, Richmond emphasized that Canadian regulations need to evolve and improve if companies such as Coinbase Global are to succeed in America's northern neighbour. Canada was among the world's earliest jurisdictions to approve spot Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) and to establish a registration framework for crypto trading.

However, Richmond said much of that progress relied on company-specific exemption orders rather than legislation designed to govern digital assets. That approach has become less effective as companies seek to launch more sophisticated products related to digital assets, necessitating the need for detailed legislation. The comments from Richmond come as the U.

S. Clarity Act that would regulate Bitcoin and other crypto winds its way through Congress. At the same time, Canada has taken steps to crackdown on crypto, banning Bitcoin ATM machines nationwide and banning crypto mining operations in some provinces.

Regulators within Canada say they remain at a consultative stage regarding crypto, with the Canadian Securities Administrators having issued only limited guidance on digital assets. COIN stock has fallen 55% in the last 12 months to trade at $167. 90 U.

S. per share.