Coinbase News: Urging Canada to Embrace Crypto-Friendly Policies Amid Growing Interest

In a recent collaborative effort with Angus Reid, Coinbase has shed light on the burgeoning interest in cryptocurrencies among Canadians. The blog post, published on March 26, 2025, reveals some compelling insights and poses a crucial warning for the nation’s financial future.

Coinbase Urges Canada to Adopt Crypto-Friendly Policies

Coinbase, in collaboration with Angus Reid, published a blog post on 26 March 2025 highlighting the growing interest in crypto in Canada. Approximately five million Canadians hold digital assets, indicating a significant shift in the financial paradigm. However, there is a disconnect between the existing financial system and the populace. Coinbase warned that Canada risks falling behind in the global race to adopt digital assets and urged the upcoming elections to consider policy changes. No specific coins or exchanges were mentioned in the context of this news.

Coinbase Institutional Open-Sources MPC Library to Boost Cryptocurrency Security

Coinbase Institutional has open-sourced its multi-party computation (MPC) cryptography library to enhance security across the cryptocurrency sector. MPC technology allows multiple parties to sign transactions without disclosing their private keys, reducing the risk of theft or illegal access. On Mar. 27, Coinbase announced the open-sourcing of tools for transaction signing and SAFE key protection techniques, alongside technical documentation to aid developers in integrating MPC into their systems. By setting a new industry benchmark for cryptographic transparency, Coinbase aims to raise the bar for security across the entire industry.