It’s time for Canada to regulate cryptocurrencies

Many people have bought into the speculative greed despite looming regulation or outright bans under discussion in many countries, with the U.S. leaning towards regulation, but nothing so far, from our timid Canadian authorities.

Researchers from Macquarie University and the University of Technology Sydney in Australia found that an estimated one in four Bitcoin users and 44 per cent of all Bitcoin transactions are related to illegal activity, writes Daniel Tsai.Photograph courtesy of Pixabay

Opinion

BY DANIEL TSAI

December 8, 2021

The greater fool theory. That’s what comes to mind when you think of the speculative bubble and hyped prices around Bitcoins, an unregulated, decentralized, peer-to-peer cryptocurrency with no intrinsic value, as it attracts large corporations like PayPal and Tesla to its ranks. Here, the greate...

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