Canada's Senate Committee on Banking, Trade and Commerce is set to meet today (9th April) as part of a hearing that will aim to study the use of digital currency and feature notable members of the local community.
In attendance will be Haseeb Awan, co-founder of bitcoin ATM provider BitAccess; Joseph David, CEO of Calgary-based digital currency exchange CaVirtex; and Kyle Kemper and Victoria van Eyk, partners at Bitcoin Strategy Group, an organisation dedicated toward helping Canada's bitcoin businesses develop their public image.
The in-person meeting is meant to educate the Senate committee on the benefits of bitcoin, as well as the different businesses that are providing bitcoin-based services, and is part of the group's larger, 18-month study on the use of digital currencies.
Speaking about the event, BitAccess co-founder Haseeb Awan said:
The study so far
The Senate committee is already actively studying the use of digital currencies, and has so far heard from a range of different individuals and entities with interest in the space.
Said Black in the post:
To date, the Senate has heard from the Department of Finance Canada, the Bank of Canada and a professor from the University of Toronto, among others. However, this will be the first time the committee hears from members of the local digital currency business community.
Bitcoin in Canada
Still, the local ecosystem, particularly its major exchanges, have faced operational difficulties due in part to a lack of regulatory clarity around bitcoin and digital currencies.
Victoria van Eyk will recap the day's events for CoinDesk as part of an article to be published this week.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.