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Canada's Pension Funds and Crypto Regulation
20 replies 205 views
bridge_2016Senior Member
Posts: 77 · Reputation: 1182
#2Jan 30, 2019, 04:21 AM
Yeah the government was never a fan of crypto, especially after FTX. They just don’t want crypto to threaten traditional banking. Looks like they're trying to make it seem like a bad investment.
I’m on board with this move in Canada. It’s not just about old folks, it’s everyone’s savings at stake. If pension funds go belly up, that affects lives.
greg.chainMember
Posts: 34 · Reputation: 107
#4Jan 31, 2019, 12:05 PM
Totally agree. But it’s not just crypto that’s risky. Pensions should be transparent about all their investments, not just crypto. Look at how banks have collapsed too.
RogueCipherFull Member
Posts: 39 · Reputation: 453
#5Jan 31, 2019, 12:35 PM
Not a bad idea honestly. With crypto’s wild swings, it makes sense to warn potential investors. At least they’re not banning pension funds from investing in crypto outright.
Yeah, pensions are like lifetime savings. People need to know if their funds are exposed to crypto. But risks exist in all investments, even in fiat.
Good point. The government should ensure pension money is secure. Transparency is key, and it helps people trust where their money is.
Regulation is needed everywhere, not just in pension funds. Mismanagement can ruin lives, and just putting some folks in jail doesn’t fix anything.
Exactly. There’s a lot of junk coins out there. Even if a fund only invests in Bitcoin, they can’t have too much in it because of its volatility.
True, pension funds should focus on low-risk investments. Losing money here impacts older folks the most, and that’s political too.
nick_yieldMember
Posts: 19 · Reputation: 80
#11Feb 1, 2019, 05:15 AM
I think this is mainly about protecting people from bad crypto management. Understanding risks is key since crypto is super volatile.
quantumwolfNewbie
Posts: 11 · Reputation: 5
#12Feb 1, 2019, 08:00 AM
Things have changed. Governments are starting to accept crypto more these days. They see the potential instead of just trying to ban it.
maxi_yieldNewbie
Posts: 38 · Reputation: 5
#13Feb 1, 2019, 12:59 PM
Yeah, the FTX fallout is making everyone more cautious. It’s not just about the exchanges either; it’s the whole market.
RogueCipherFull Member
Posts: 39 · Reputation: 453
#14Feb 1, 2019, 06:10 PM
Canada’s got to keep an eye on pension investments. With past scandals, they want to protect retirees from getting rekt.
Governments worry about capital flight to crypto. If that happens, the traditional system could collapse.
If funds had invested in Bitcoin or Ethereum, those losses might not have happened. They played it too risky.
CyberAtlasMember
Posts: 2 · Reputation: 84
#17Feb 3, 2019, 07:03 PM
For sure, but it’s about the management of funds. People trust the system with their money, and if it fails, it’s a disaster.
Commercial pension funds might be the issue. In the Soviet Union, there was just one state fund, and nobody lost their pensions.
atomicpixelMember
Posts: 25 · Reputation: 199
#19Feb 4, 2019, 04:42 AM
I think it might be time to reconsider how we do pensions, especially with crypto. Maybe a ban until the market stabilizes.
I’d say give it a few years. The market needs to mature before jumping back into crypto investments.
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