Canada has long been viewed as one of the greatest Bitcoin countries in the world due to its lenient regulatory framework and strong community. But all that can change with a regulatory drop of a hat.
The Canadian senate has been studying Bitcoin and digital currency in general, which led to new laws in relation to Bitcoin. The Bitcoin Foundation Canada was displeased with these regulations, believing the existing financial regulatory framework was enough to regulate Bitcoin.
But the Canadian senate isn’t done yet. They’ve been conducting an ongoing “study on the use of digital currency” in order to discover how best to apply law to these new innovations.
Bitcoin Community Attends
The Senate has invited three of the largest Bitcoin organizations in Canada to deliver testimony on Bitcoin.
The Bitcoin Foundation Canada, Bitcoin Alliance of Canada, and Bitcoin Embassy will each give a presentation to the Senate consisting of a 10 minute opening statement and a Q&A period of about an hour afterward. This will help the Senate better understand Bitcoin and what it means to the community.
The Foundation will be represented by Chief Legal Officer Jillian Friedman and Treasurer Guillaume Babin-Tremblay. The Alliance will be represented by Director Michael Perklin and General Counsel Steward Hoegner. The Embassy will be represented by Public Affairs Director Francis Pouliot.
The testimony will take place on October 2nd at 10:30 am EST. You can watch the proceedings through the parliamentary channel here.
Bitcoin Community To School Canadian Senate
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