The Canadian Press/Darryl Dyck

In bid to attract big banks to crypto, Ottawa startup calls for federal government to set digital asset custody rules

Brane Capital chair Adam Miron envisions a day in the not-too-distant future when Canada’s big banks invite clients to deposit their cryptocurrency like they would cash. “You’re going to open up your banking app on your phone and see your chequing account, your savings account, your mortgage, maybe a little trading portfolio and [then] digital assets.” 

Miron believes clearer regulation of how those digital assets are held would give financial institutions and investors alike a confidence boost in a section of the digital economy plagued by high-profile losses. Other startup executives and regulatory experts say a lack of interest, not rules, is keeping banks out of cryptocurrency. Nonetheless, Brane is calling on the federal government to follow the U.S. and Germany in introducing guidelines it hopes will help Canada earn a piece of the fast-growing cryptocurrency market.

    Join now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Shopify CEO Tobi Lütke at The Wall Street Journal’s D.Live global technology conference in Laguna Beach, Calif., in November 2018.


    Magna, BlackBerry announce joint project on advanced driver assistance

    Google trying ‘to avoid regulation’ by critiquing Online News Act, feds say

    BP plans major carbon capture project on Texas Gulf Coast

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited