Canadian Senate Rules in Favor of ‘An Almost Hands-Off Approach’ to Bitcoin
The Canadian Senate has decided to protect Bitcoin from massive government regulation opting to approach the new technology with “a light regulatory touch – almost a hands-off approach.” After many months of thoughtful deliberations, the legislative body released the official Canadian Senate report titled “Digital Currency: You Can’t Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce.” The Canadian Senate has spent the better part of the last year reviewing the role of digital currencies will have on the future of economics in the nation including....
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The Canadian Senate has officially taken a pro-Bitcoin stance with regards to future national regulations of Bitcoin and other digital currencies. The official Canadian Senate report titled "Digital Currency: You Can't Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce" explains how the government body views digital currency, and how it will be regulated, or not, going forward. Canada Will Allow Bitcoin to Develop. The Canadian Senate has spent the better part of the last year reviewing the role of digital currencies will have on the future of economics....
What is Canada's place in regulating bitcoin? This is the theme running through the Canadian Senate's Standing Committee on Banking, Trade and Commerce's study on the use of digital currency. The Bitcoin Strategy Group, BitAccess and CAVirtEx sat before the senators on 9th April to demonstrate how bitcoin is purchased and stored. Their representation marks the first presence of bitcoiners in the Senate sphere. The Canadian Senate has already heard from the Bank of Canada, the Department of Finance, economic historians and other academics. On Thursday, April 10th, the committee will hear....
While Robocoin was this week busy demonstrating their bitoin ATM on Capitol Hill, a similar occurrence is taking place up North in Canada. BitAccess, Canadian bitcoin ATM manufacturer, is demonstrating their kiosk before the Canadian Senate Standing Committee on Banking today. According to Bitcoin Magazine, the company's co-founder Haseeb Awan will be showing off the machine's features and even assisting Senator Irving Gerstein in acquiring some bitcoin of his own. According to Awan, this move is necessary to help lawmakers understand the technology before they try to regulate it. As the....
On Wednesday, October 8th, the bitcoin community's own Andreas M. Antonopoulos spoke at length to the Canadian Senate with reference to the digital currency and regulation. https://www.youtube.com/watch?v=xUNGFZDO8mM. Video Description: October 8th 2014, Committee on Banking, Trade and Commerce / "Study on the use of digital currency", 11th session. Duration: 1hr:52m
SEC commissioner Hester Peirce is optimistic that the U.S. will eventually offer more clarity for cryptocurrency investors. Hester Peirce of the United States Securities and Exchange Commission is well-known as a regulator who has shown consistent support for digital assets, so much so that her moniker "crypto mom" has become unshakeable.In a new interview with the Thinking Crypto podcast, Peirce reflected on the United States' regulatory approach to the asset class to date, arguing that, “I think we have missed the boat a bit on crypto. And I think a big piece of that comes from the....