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Canadian institutions embrace crypto: 39% now have exposure – KPMG
Institutional investors and financial service organizations in Canada significantly increased their crypto exposure in 2023 compared to the previous bull market, according to the results of a survey conducted by accounting firm KPMG. KPMG cited the market-wide rally, increased regulatory clarity, and new innovations in digital assets as the impetus for renewed interest from the institutional crowd. “According to a bi-annual survey conducted by KPMG in Canada and the Canadian Association of Alternative Assets and Strategies (CAASA), 22 percent more financial services organizations offered cryptoasset products and ... (full story)