The report includes a long list of 16 recommendations:

1. The Government of Canada should recognize blockchain as an emerging industry with significant long-term economic and job creation opportunities.
2. The government should improve consumer protection and regulatory clarity in the field of digital assets, ensuring individuals' right to self custody and ease of access to safe and reliable on and off ramps.
3. The Government of Canada should establish a national blockchain strategy, following consultation with provinces and stakeholders, to clarify policy direction and regulatory approach.
4. The government should call on a group of experts, entrepreneurs, academics, and investors to support its analysis and understanding of blockchain technology and help determine the best steps forward.
5. The Government of Canada should pursue opportunities for international cooperation in the development of blockchain regulations and policies, including with major trading partners.

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• The government should conduct innovative pilot projects using distributed ledgers to help strengthen the ecosystem and recognize up-and-coming businesses.
• The Government of Canada should create a sandbox where entrepreneurs can test technologies unhindered by as yet unadopted regulations.
• The government should adopt a distinct regulatory approach to stablecoins that reflects the difference between these products and other cryptocurrencies.
• The Government of Canada should adopt regulatory changes to promote the establishment of federally regulated cryptocurrency custodians to meet the demand for cold storage services from Canadian cryptocurrency firms.
• The government should adopt measures for access to banking and insurance services for blockchain firms, including through Crown corporations.
• The Government of Canada should establish a public awareness campaign, in consultation with provinces and the industry, to educate the public about risks related to cryptocurrencies and the benefits of accessing cryptocurrency markets through regulated Canadian entities.
• The government should launch a strategic initiative to develop skills and talent and support research in the blockchain sector.
• The Government of Canada should investigate ways to promote the adoption of blockchain technology in supply chains.

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• The government, in collaboration with the Commissioner of Canada Elections, should undertake a study on the new opportunities this technology presents for electronic voting, consultation, and the modernization of democratic institutions.
• The government should investigate equity between provinces in the application of the Excise Tax Act to mining activities to ensure fair taxation.
• The government should maintain that digital asset mining constitutes a commercial activity in Canada and adopt a neutral and equitable position towards this new and growing industry.