The Canadian Senate Banking, Trade and Commerce committee has issued a report encouraging "a light regulatory touch — almost a hands-off approach" to regulating digital currencies.

The report calls for the Minister of Finance — Canada's equivalent of the U.S. Treasury Secretary — to work with banks to find "solutions to the lack of access to banking services for digital currency-related businesses." While regulators worldwide have urged banks not to "derisk" by cutting off entire industries or geographies, it is rare for policymakers to specifically cite this controversial sector as wrongly underserved.

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