A report from the Canadian House of Commons Standing Committee on Industry and Technology has recommended that Canada acknowledge blockchain as an emerging industry and take necessary steps to support it. The report highlights the potential uses of blockchain technology, including cryptocurrency, supply chain management, and non-crypto financial innovations. Witnesses estimate that 16,000 Canadians were employed in the blockchain industry in 2020, with 13,000 working for cryptocurrency firms in 2022. The report calls for increased regulatory clarity and the development of a national strategy in collaboration with industry participants, particularly in regards to stablecoin regulation.