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Canadian lawmakers have shown their support for blockchain technology and crypto currencies in a report released by the Parliamentary Standing Committee on Industry and Technology (INDU) of the Canadian House of Commons. The report, consisting of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors. Coinbase has praised the proposals and recognizes Canada as an important market for its international expansion. Big news from Canada. Canadian lawmakers have published a comprehensive report supporting blockchain technology. Learn more: https://t.co/Jx8f5asbvi — Coinbase ️ (@coinbase) June 28, 2023 One of the key recommendations in the report is for the Canadian government to acknowledge blockchain as a rapidly developing sector with long-term economic and job growth potential. By embracing blockchain technology, Canada can position itself as a market leader, attract investments, and foster innovation to boost its economy...

The provincial government of British Columbia, Canada has enacted an 18-month freeze on setting up any new Bitcoin mining operations.  Btc Bitcoin $16.852,93 price 0.04311% price change TRADE NOW The pause will give the government time to assess whether the mining industry is having an impact on its economic and environmental goals.  According to CBC News , 21 applications for new mining operations in the province have now been suspended. Collectively, they would have consumed 1.403 megawatts of energy, equal to that of 503,000 homes, or 2.1 million electric vehicles.  “Cryptocurrency mining consumes massive amounts of electricity to run and cool banks of high-powered computers 24/7/365, while creating very few jobs in the local economy,” said Josie Osborne, Minister of Energy, Mines, and Low Carbon Innovation in a written statement. The province did not provide information on how many miners it currently houses. Cambridge’s ...