Canadian Senate Report on Digital Currency
The Senate banking committee has been preparing a Report on digital currency, and in service of which Andreas Antonopoulos, along with many others, have testified before a committee. The conclusion reached by the committee seems to be a largely positive one, saying explicitly that the benefits of this technology outweigh the challenges it introduces and recommending a "light touch" in the regulatory side. A little while ago Decentral, was approached by a Senate staffer for assistance in placing a short message and a "proof of existence" into the Blockchain on the release of their report....
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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....
A long-anticipated report published by the Canadian Standing Senate Committee on Banking, Trade and Commerce has called for a "regulatory light touch" on bitcoin and digital currencies. The report, entitled "Digital Currency: You Can't Flip This Coin!", comes after a months-long review that included a number of hearings before the Senate committee, and will undoubtedly play a role in how the Canadian government shapes future regulation. The committee recommended that the government look for ways to utilize digital currencies and blockchain technology, deeming the technology "ingenious" and....
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....
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
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....