Elon Musk criticizes Canadian government’s decision on online streaming services.
Elon Musk has criticized Canadian Prime Minister Justin Trudeau and the government for their recent decision to make it mandatory for online streaming services to register with the government. The Canadian Radio-television and Telecommunications Commission (CRTC) has taken steps to reshape Canada’s broadcasting landscape, initiating public hearings to discuss the matter.
After reviewing over 200 interventions, the CRTC has announced its initial decisions, requiring streaming platforms operating within Canada and generating $10 million annually to register their operations by November 28, 2023. This move has sparked controversy and concerns about potential limitations on free speech.
CRTC’s decisions on registration requirements and access to international streaming content.
In a bid to provide Canadians with greater access to international streaming content, the CRTC has mandated that specific streaming services disclose information about their content library and user demographics. This measure aims to ensure that Canadians can access these platforms without being restricted to a particular internet or mobile service provider.
Additionally, the CRTC is examining Canadian and Indigenous content requirements across traditional and online broadcasting mediums, with a three-week public procedure scheduled to begin on November 20, 2023. This procedure will involve engaging with 129 intervenors representing a range of interests.
Coinbase expands services to the Canadian market, leveraging crypto-friendly regulations.
In a separate development, cryptocurrency exchange Coinbase has expanded its services to the Canadian market through a partnership with People’s Trust Company. Capitalizing on Canada’s crypto-friendly regulations, this move allows Canadian consumers to access Interac e-Transfers, enhancing the safety and convenience of financial transactions.
To celebrate its increased presence in Canada, Coinbase is offering incentives such as free access to Coinbase One for 30 days and round-the-clock customer service availability. This expansion highlights the growing interest in cryptocurrencies within Canada’s financial landscape.