According to Bloomberg, Canada’s economy has recovered a lot in the last few weeks. Experts believe that the Canadian economy made a historic correction and recession from pandemic can’t stop the rise of the economy. Canada became the 8th economy of the world in 2019 and it’s Trudeau’s biggest achievement. Before Trudeau, Canada’s economy was already out of the top ten economies of the world. The main decision of Trudeau’s power was creating the digital charter. Finance experts believe that Digital Charter can be a shield for Canadians when it comes to economic stability.
Digital charter is the game-changer?
Technology has completely changed our lifestyle, access to information, and the way we communicate with each other. Companies use data to improve their services and change the world. For Canadian users, it is crucial to know that their data is used ethically and their privacy is protected. The economy based on data will only thrive based on this trust. “I believe that innovation is not possible without trust. Trust and privacy are key to ensuring a strong, competitive economy and building a more inclusive, prosperous Canada. As our world continues to evolve and becomes increasingly more digitized, we must remain proactive, fostering a flexible environment where Canadians can seize the benefits available through the digital economy while maintaining a protective framework that supports our fundamental Canadian values.” said the Prime Minister of Canada in a statement called “Canada’s Digital Charter in Action: A Plan by Canadians, for Canadians.”
Success stories of digital charter
The first wave of digital charter focused more on popular industries. The casino industry was one of the first to reap the rewards from the digital charter. The digital charter allowed casino providers to create digital platforms and let the gamers enjoy the casino games from the phone, tablets and laptops. In just a few months, digital charter allowed casino providers to accept cryptocurrencies. It was a total game-changer for casino players. Cryptocurrencies are not controlled by any party – government, bank or other financial institutions. Crypto users are satisfied because they are free from any fees and the speed of crypto is fast. Allowing crypto payments on iGaming platforms have changed the course of the industry. More international players paid attention to Canadian casinos. Top Canadian online casino providers allowed BTC payments not only to local but also to international players and that’s why Canadian casinos became the trend around the world. The digital charter allowed iGaming providers to diversify the profile and offer different genre-games to players. In different countries, iGaming providers are limited to particular games – slots, roulette or poker. In Canada, players can enjoy all kinds of casino games on the same platform.
The 10 Principles of the Charter
1. Universal Access:
Equal access to the digital world through the required skills and tools for all Canadians.
2. Safety and Security:
Canadians will have trust in the companies that their data will be used ethically.
3. Control and Consent:
The citizens of Canada will be able to control what part of their personal information, how and by whom it is used.
4. Transparency, Portability, and Interoperability:
Transfers of personal data will be easy and safe.
5. Open and Modern Digital Government:
Governmental services will be easily accessible.
6. A Level Playing Field:
The management of the competition in the online marketplace will be fair, the consumers will be protected to provide a space for the growth of the Canadian digital world.
7. Data and Digital for Good:
The Government of Canada takes responsibility to guarantee the safe and trustworthy use of personal data.
8. Strong Democracy:
Freedom of expression, security, the trustworthiness of democratic institutions will be defended by the Government.
9. Free from Hate and Violent Extremism:
Hateful acts, extremists and/or criminal content will not be tolerated.
10. Strong Enforcement and Real Accountability:
The government will make sure to penalize whoever will violate the laws.