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NEWS RELEASE: Bitcoin Coalition of Canada delivers new federal recommendations to power economic growth, social development, and environmental action 2025.01.15 -- The Bitcoin Coalition of Canada (BCC) has tabled critical new recommendations for the Government of Canada, outlined in “Leveraging the Economic, Social and Environmental Benefits of Bitcoin, Now and For Future Generations.” The recommendations have been sent to all Members of Parliament, federal political party executives, Senators, Premiers, and MLAs/MPPs. The BCC is urging the federal government to take several key measures to harness the wide-ranging potential of Bitcoin (BTC) and Bitcoin mining for Canada and Canadians: 1. Implement a de minimis tax exemption for Bitcoin transactions under $10,000 CAD and commit to a more detailed study of how best to facilitate Bitcoin’s use as currency in Canada. 2. Eliminate capital gains tax on Bitcoin (BTC) held for more than one year. 3. Provide incentive support and remove regulatory red-tape to scale up Bitcoin mining in Canada. 4. Establish a Strategic Bitcoin Reserve (SBR) for Canada, with the goal of securing 100,000 BTC over four years beginning in 2025. FULL NEWS RELEASE: POLICY RECOMMENDATIONS PAPER: 📄.pdf
Given that the incoming U.S. President, Vice President and Republican-led House and Senate are all aligned on implementation of a #Bitcoin Strategic Reserve for the U.S., it is imperative that the Government of Canada act fast in developing Canada’s #BTC Strategic Reserve plan. This is not hypothetical. Legislation to establish a U.S. Bitcoin Strategic Reserve has already been tabled in Congress by Senator Cynthia Lummis (R - Wyoming) and will likely be fast-tracked in the next session of Congress, pending re-draft and/or amendments. LINK: The lead of the United States in establishing a Bitcoin Strategic Reserve for the U.S., following the lead of #ElSalbador, will set in motion a race among countries globally to ensure a national store of #BTC, much like countries have historically stored reserves of gold. Canada must not get left behind. The Canadian Government and all political parties must accelerate development of Canada’s #Bitcoin Strategic Reserve plan and supportive federal policy that will make Canada one of the best countries for adoption and use of Bitcoin. For more reading and insight on the importance of a Bitcoin Strategic Reserve, please see this excellent research report developed in the U.S. by our colleagues at @Bitcoin Policy Institute / @btcpolicyorg (RSS Feed) a multi-disciplinary U.S. research and policy institute. LINK: #press #cdnpoli #cdnecon
Everything continues to become less expensive over time when measured in #Bitcoin #BTC. Protect your future, accelerate your goals. Save in Bitcoin. Study Bitcoin. 🔗 bitcoincoalition.ca/why-bitcoin%3F 🔗 bitcoincoalition.ca/educational-re… #cdnecon #FIRE #investing image