5 Most Advanced Countries in Blockchain Technology

3. Canada

Venture Capital: 5

Blockchain Patents: 11

Average Rank: 8

The Canadian Securities Administrators (CSA) recently proposed new rules for funds investing in cryptocurrencies, emphasizing concerns over liquidity, valuation, and custody. The consultation addresses eligibility of crypto-assets for investment, restrictions on funds, and custody requirements. Non-fungible assets are banned due to concerns about their suitability for financial investment. Custodians must predominantly store assets offline in cold wallets, maintain insurance, and undergo annual reviews. Alternative mutual funds can invest directly, while others must do so indirectly.