Michael Katchen, co-founder and CEO of Canadian investment management company Wealthsimple, which has $12 billion in assets under its management, thinks Canada can attract many smart people to the country by creating a crypto-friendly ecosystem.
Controversy continues around the world regarding cryptoasset regulation. Katchen from Wealthsimple, Canada’s leading investment management company, is among the names who think that Canada should benefit from this field. In an interview with Katchen Bloomberg, she called on Canadian regulators to increase the country’s presence in the crypto industry. According to him, many smart people are turning to this space lately, and Canada can be a leader in this area by attracting these people with crypto-friendly regulations:
“The smartest people in tech and the smartest engineers flock to create applications in this space, which is what we usually see at the height of any major tech revolution. Canada can play for the lead and we want to help the smartest people, the companies on the blockchain, who want to work on their ‘crypto projects. We want to do this for Canada.” ”
Foreseeing that Bitcoin may be a reserve asset in the future, Katchen said that they are trying to educate their customers on how to make a responsible investment, considering the many speculations surrounding Bitcoin.
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