加拿大的選舉 - 加密必須與金融現代化保持一致

加拿大人投票了。儘管數字資產在新政府的議程中不是優先事項，但有機會將加密貨幣定位為加拿大更廣泛的金融現代化工作的一部分。

The Canadian Web3 Council's Morva Rohani explains what the political shift means for advisors and why it’s important to align crypto with financial system upgrades in today's installment of Crypto for Advisors. Plus, Polymath's Vincent Kadar answers questions about global trends in Ask an Expert.

加拿大Web3理事會的Morva Rohani解釋了政治上的轉變對顧問的意義，以及為什麼在當今為顧問的Crypto分期付款時，將加密貨幣與金融系統升級保持一致。另外，Polymath的Vincent Kadar回答了有關ASK專家的全球趨勢的問題。

Canada’s Election — Crypto Must Align With Financial Modernization

加拿大的選舉 - 加密必須與金融現代化保持一致

Canadians have voted. While digital assets are not a priority in the new government’s agenda, there is an opportunity to position crypto as part of Canada’s broader financial modernization efforts.

加拿大人投票了。儘管數字資產在新政府的議程中不是優先事項，但有機會將加密貨幣定位為加拿大更廣泛的金融現代化工作的一部分。

Whether the Liberal Party ultimately forms a narrow majority or a strengthened minority, the direction is clear. Stability is fragile, and political capital will be focused on economic resilience—an arena where the digital asset sector can contribute.

無論是自由黨最終形成狹窄的多數還是加強的少數派，這一方向都很明顯。穩定是脆弱的，政治資本將集中在經濟彈性上，這是一個數字資產行業可以貢獻的舞台。

That focus has only sharpened with the return to office of President Trump, whose economic strategy includes both sweeping tariffs on Canadian goods and open support for crypto infrastructure in the United States.

隨著特朗普總統的重返職務，這種重點才提高了，其經濟戰略既包括對加拿大商品的關稅，又包括對美國加密基礎設施的公開支持。

Against that backdrop, Canada’s digital asset sector must pivot its message. Financial innovation will move—but cautiously. Prime Minister Mark Carney’s background bodes well for an emphasis on systemic risk, monetary policy stability and prudent innovation.

在這種背景下，加拿大的數字資產部門必須傳達其信息。金融創新將動動 - 但謹慎。總理馬克·卡尼（Mark Carney）的背景非常出色，重點是系統性風險，貨幣政策穩定和審慎的創新。

Crypto will not be a top agenda item, but stablecoins, payments modernization and blockchain-based settlement infrastructure could find a place under a broader modernization umbrella. This means preparing for a few emerging trends:

加密貨幣將不會成為頂級議程項目，但是Stablecoins，付款現代化和基於區塊鏈的定居基礎設施可以在更廣泛的現代化傘下找到一個位置。這意味著準備一些新興趨勢：

This potential for crypto to be treated as financial infrastructure rather than a speculative outlier depends on the industry's ability to advocate strategically and position itself as part of Canada’s economic modernization.

將加密貨幣視為金融基礎設施而不是投機性異常的潛力取決於該行業在戰略上倡導並將自己定位為加拿大經濟現代化的一部分的能力。

Global pressures are accelerating the shift

全球壓力正在加速轉變

While Canada moves cautiously, other markets are moving fast. The European Union’s MiCA framework is now live. The United Kingdom is advancing stablecoin licensing. In the United States, President Trump’s return has brought an aggressive push for crypto as part of his economic strategy, alongside sweeping tariffs on Canadian exports. This combination has forced economic modernization to the top of the agenda in Ottawa.

儘管加拿大謹慎行動，但其他市場正在迅速發展。歐盟的雲母框架現在已經存在。英國正在推進Stablecoin許可。在美國，特朗普總統的回歸為他的經濟戰略的一部分帶來了積極的推動，並與加拿大出口的高關稅一起。這種結合迫使經濟現代化升至渥太華議程的頂部。

Digital assets are increasingly being used as economic tools, not just financial experiments. Trump’s posture has reframed crypto as part of national competitiveness, and other jurisdictions are responding. For Canada to remain relevant, integrating blockchain and digital payments into the country’s financial infrastructure is no longer just an innovation play; it is becoming a strategic necessity. That is the case the industry will need to make in Ottawa.

數字資產越來越多地用作經濟工具，而不僅僅是財務實驗。特朗普的姿勢已將加密貨幣作為國家競爭力的一部分，而其他司法管轄區也在做出回應。為了使加拿大保持相關性，將區塊鍊和數字付款集成到該國的金融基礎設施中不再僅僅是創新遊戲。它正在成為戰略上的必要性。該行業將需要在渥太華製造的情況。

Here’s an overview of where key crypto initiatives in various jurisdictions currently stand:

這是目前各個司法管轄區的主要加密計劃的概述：

Jurisdiction

管轄權

Key Crypto Development 2025

關鍵加密開發2025

Status

地位

What comes next: a strategic pivot for industry and advisors

接下來會發生什麼：行業和顧問的戰略樞紐

Canada’s political landscape is shifting. For the digital asset industry to make meaningful progress, it must reposition crypto as essential financial infrastructure. The focus needs to be on resilience, modernization and economic competitiveness, not speculation. Advocacy efforts must tie digital assets to broader national priorities like upgrading payment systems, enhancing financial stability and maintaining Canada’s economic relevance in a changing global economy.

加拿大的政治格局正在發生變化。為了使數字資產行業取得有意義的進步，它必須將加密貨幣作為基本金融基礎設施重新定位。重點需要放在韌性，現代化和經濟競爭力上，而不是猜測。倡導努力必須將數字資產與更廣泛的國家優先事項聯繫起來，例如昇級支付系統，增強金融穩定性並維持加拿大在不斷變化的全球經濟中的經濟相關性。

This approach matters for advisors and investors as well. As regulatory frameworks evolve, demand for compliant and diversified digital asset exposure will only grow. Those who understand how crypto fits into trusted financial structures, and who frame it as part of a broader modernization of financial services, will be better positioned to capture new opportunities.

這種方法對顧問和投資者也很重要。隨著監管框架的發展，對合規和多元化的數字資產暴露的需求只會增長。那些了解加密貨幣如何適應可信賴的金融結構，並將其作為更廣泛的金融服務現代化的一部分的人將是更好的定位，可以捕捉新的機會。

Those who adopt this mindset early, across both the industry and advisory sectors, will not only help shape Canada’s next generation of financial regulation but will also be best placed to benefit from the growth and innovation that follow.

那些早期在行業和諮詢部門都採用這種思維方式的人不僅將有助於塑造加拿大的下一代金融監管，而且最適合從隨後的增長和創新中受益。

- Morva Rohani, Executive Director, Canadian Web3 Council

- 加拿大Web3理事會執行董事Morva Rohani

Ask an Expert

詢問專家

Q. How have the recent U.S. elections changed the crypto regulatory landscape?

問：最近的美國大選如何改變加密監管格局？

A. The 2024 U.S. elections brought a major shift in the crypto regulatory landscape. Over the last three months, the Trump administration has made several significant moves in line with the promises the President made to the industry. This includes an executive order to establish a Bitcoin Strategic Reserve, the appointment of a Crypto Czar, the creation of a crypto task force, and, roundtable discussions on topics such as taxonomy, tokenized securities, custody, registration and DeFi. Even key regulatory bodies have rescinded their guidance that discouraged banks’ involvement in crypto.

答：2024年美國大選帶來了加密監管景觀的重大轉變。在過去的三個月中，特朗普政府已與總統對該行業的承諾做出了多項重大舉措。這包括一項行政命令，建立比特幣戰略儲備，任命加密沙皇，創建加密貨幣工作隊以及關於分類學，標記證券，託管，註冊和defi等主題的圓桌討論。甚至關鍵的監管機構也取消了他們的指導，即勸阻銀行參與加密貨幣。

All of these moves have been in an attempt to position the U.S. as a leader in the digital asset space. Given that the U.S. crypto market is the largest and most influential in the world, these positive developments are likely to help drive crypto regulations globally.

所有這些舉動都試圖將美國定位為數字資產領域的領導者。鑑於美國加密貨幣市場是世界上最大，最具影響力的市場，因此這些積極的發展可能有助於推動全球加密法規。

Overall, for the first time, we are getting a crypto-friendly regulatory environment, though more clarity and a proper framework will take time to establish.

總體而言，我們第一次獲得了對加密友好的監管環境，儘管更加清晰和適當的框架需要時間才能建立。

Q. How are fragmented political landscapes around the world affecting stablecoin development and adoption?

問：世界各地的政治景觀如何影響Stablecoin的發展和採用？

A. One of the best use cases of crypto, stablecoins, has become a significant part of the financial system and naturally attracted regulatory scrutiny. But the global regulatory environment remains fragmented, creating uncertainty.

答：Crypto最好的用例之一，Stablecoins已成為金融體系的重要組成部分，並且自然吸引了監管審查。但是全球監管環境仍然分散，造成不確定性。

In the U.S

在美國