Canada’s policy makers and regulators should work to make the country a leading destination for cryptocurrency and blockchain companies as part of a broader strategy to diversify its economy, Wealthsimple Chief Executive Officer and co-founder Mike Katchen said.
Blockchain technology is “wildly exciting,” and regulators should clarify the tax and legal issues surrounding cryptocurrencies, Katchen said Wednesday in a discussion with the Canadian Club Toronto. Wealthsimple is an online financial-services company partly owned by Power Corp. of Canada.
