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Blockchain Week in Canada: Looking Back on a Decade of Crypto Innovation

May 16, 2025
不良研究所 Team
May 16, 2025
Blockchain Week in Canada: Looking Back on a Decade of Crypto Innovation

The network effect has brought blockchain enthusiasts, television personalities, and even some traditional finance professionals to Toronto. Both the and crypto conferences are taking place this month between the 13th and 16th. With so many speakers, it will be an information-packed week. The simple fact that interest in Bitcoin, Ethereum, and other cryptocurrencies has expanded into a full week-long event is a clear sign of how much attention to blockchain technology has grown in Canada.

Bitcoin The Early Days in Canada

If you had attended this type of event ten years ago, you would have enjoyed intimate breakout rooms, where about sixty people connected over a common interest they believed was about to disrupt and decentralize some of the foundational systems we have come to rely on. The early adopters who attended were able to enjoy direct conversations with developers who are now some of the biggest thought leaders in the space.聽

Past Meets Future at the Old Toronto Stock Exchange

Kicking off the week on Bay Street, attendees heard from the founder behind Ethereum, Decentral, and Andiami, who took the stage as Futurist鈥檚 keynote speaker. Di Iorio has been a staple in the community and a fitting choice given his early contributions to blockchain specifically in Canada. The action-filled day wrapped up with a celebration on the trading floor of the old Toronto Stock Exchange, it was an appropriate theme where past meets future.聽

Schedule from Bitcoin Expo 2014 in Toronto, where early adopters like Vitalik Buterin, Andreas Antonopoulos, and Anthony Di Iorio shared the stage in intimate panel discussions. Ten years later, these same innovators are industry cornerstones.

A Decade Into Adoption

It鈥檚 timely to reflect on the blockchain sector鈥檚 development and pause to consider what is yet to come. Nobel prize-winning economist Paul Romer鈥檚, found that it took about a decade for society to effectively adopt a new technology. When it comes to聽 crypto鈥檚 acceleration, his research appears consistent with blockchain鈥檚 current development timeline.

Regulation, Use Cases, and the Need for Clarity

Use cases beyond DeFi are still in their infancy, and regulatory bodies across the globe are* in the process of defining the future through increased guidance. Countries have taken different approaches to the technology and here in Canada, the regulators have been proactive. Perhaps that is why Canada was聽 home to 聽(ETF). Global regulatory clarity remains an important goal for stakeholders seeking to balance innovation with investor protection.聽

From Bitcoin Small Talk to Mainstream Conversations

Ten years ago, crypto enthusiasts were the ones largely ignored at gatherings when they tried to explain how digital scarcity could return power to the people. Now they are often the ones surrounded by individuals wanting to learn more about the 鈥渂est鈥 tokens, what mining is, and the safest ways to store or hold digital assets. Crypto is slowly finding its way into mainstream conversations as it becomes clearer and clearer that digital assets and blockchain tech might continue to play a role in institutional conversations. In what capacity remains unknown. Will Central Bank Digital Currencies (CBDCs) be implemented, or will the public come to consensus on decentralized models? Perhaps a hybrid landscape awaits us.

Crypto Market Growth and Global Reach

Since Bitcoin鈥檚 discovery, many other blockchains have come to market. Today, the popular website CoinMarketCap has data on nearly ten thousand tokens. This reflects the level of interest and the volume of technical talent contributing to on-chain development. It鈥檚 wild to consider that there are this many options yet approximately 3% of the globe's population have used Bitcoin, let alone heard of many of the other tokens available today. Statistica鈥檚 May 2025 showed there are 鈥淏itcoin ATMs in 74 countries and territories worldwide鈥. Coincidentally, Anthony Di Iorio, was also instrumental to operating the King and Spadina location which opened just over ten years ago, that same year the 2014 Bitcoin conference was held.聽

Tokenization and Institutional Adoption

Real-world asset advocates have enjoyed Blackrock CEO Larry Fink鈥檚 efforts in about institutional interest in tokenization over the past year.聽 His voice has brought significant attention to the potential of digital assets. Although he was absent from these particular conferences in Toronto, he has been on the world stage talking about tokenization. From Davos to CNBC, Fink has been behind an interviewer's microphone advocating for clearer regulatory guidance around tokenization. It may seem ironic to those early Bitcoiners who subscribed to the ideology of decentralization, but many observers expected that institutional interest in digital scarcity would increase over time.

Viral Moments and Conference Highlights

One clip from Consensus that is already going viral on the X platform is from Anthony Scaramucci, on stage reiterating the mainstream marketing power, "Wall Street is a selling machine" and BlackRock has "turned on the dial", he said.

The Consensus 25 speaker lineup offers further indication of how blockchain鈥檚 reach is expanding across industries. It鈥檚 no longer a computer science-dominated crowd. There are regulatory bodies and large institutions participating in this wallet-based system. Recognizable faces like Eric Trump and Shark Tank's Kevin O鈥橪eary, Chairman of O鈥橪eary Ventures, are among the many speakers this week. Thomas Farley, former President of the New York Stock Exchange, now CEO of Bullish, a global regulated exchange, will be moderating O鈥橪eary鈥檚 panel discussing Crypto鈥檚 Next Chapter.

A Collective Consensus on the Future聽

Where this technology goes from here will be defined by our imaginations. Participants observed that the industry's trajectory is being shaped by the ongoing regulatory conversations, innovation, and choices we are making right now. As the conferences are so aptly titled, many will leave this week understanding more about crypto, and that what comes next will depend on our collective consensus.聽

We provide educational content, timely updates, and industry insights to help Canadians learn about blockchain and digital assets topics. Visit our regularly updated blog to read about even more crypto topics!聽

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This article is for informational purposes only and does not constitute investment, financial, or legal advice. Cryptocurrencies and blockchain-based assets are highly speculative, subject to significant risks including price volatility, regulatory uncertainty, and potential total loss of investment. Crypto assets are not insured by the Canada Deposit Insurance Corporation (CDIC). Cryptocurrencies and stablecoins may be considered securities or derivatives under Canadian law, subject to CSA and OSC oversight. Consult a qualified financial or legal professional before making investment decisions. No securities regulatory authority has expressed an opinion about any of the crypto assets made available on the 不良研究所鈥檚 platform, including any opinion that a crypto asset is not a security and/or derivative.
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