Canadian Senate hearings on digital currency

On October 2, 2014, the Bitcoin Foundation Canada, the Bitcoin Embassy and the Bitcoin Alliance of Canada were panelists for the Senate Committee on Banking, Trade, and Commerce Committee’s “Study on the Use of Digital Currency”. As chief-legal-officer of the Bitcoin Foundation Canada, I had the privilege of sharing a panel with four other top-notch digital currency industry experts. It was a truly fascinating experience and I was extremely impressed by the quality of the Committee’s questions and their interest. Their 2015 report is eagerly awaited. Re-printed below is a copy of the statement that I made and a link to the video of the testimonies.   Remarks by the Bitcoin Foundation Canada Senate Standing Committee on Banking, Trade and Commerce Study on the Use of Digital Currency by: Jillian Friedman Mr. Chair and honourable Senators, Mr. Babin-Tremblay and I are both here as directors of the Bitcoin Foundation Canada, the BFC. On behalf of our organization we thank you for the invitation to appear before you. The BFC is a federal not-for-profit corporation that is affiliated with the Bitcoin Foundation, a global organization headquartered in the United States. Currently there are nine affiliated Bitcoin Foundations in as many countries. The BFC is mandated to coordinate and lead efforts to protect and promote Bitcoin in Canada. This includes monitoring regulatory and legislative developments, educational campaigns, and supporting maintenance and improvement to the Bitcoin protocol. I also speak to you as a member of the Quebec bar and my remarks today will focus on consumer protection law in Quebec and digital currency, specifically Bitcoin. We can identify the applicable legal...