Bitcoin Coalition of Canada

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Bitcoin Coalition of Canada
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[NEW ACCOUNT] Not-for-profit organization building awareness of the economic, social and environmental benefits of #Bitcoin for Canada and the world.
Today is the 17th anniversary of the #Bitcoin White Paper. What better way to kick off celebrations than by sharing MP Joël Lightbound’s inspiring statement in Parliament on the15th anniversary of this civilizational breakthrough. Lightbound is currently Canada’s federal Minister of Government Transformation, Public Works and Procurement.
Scenes from the recent “Bitcoin on the Hill” event in Ottawa, co-sponsored by the Bitcoin Coalition of Canada. We were honoured to meet with a number of Ministers and MPs, across parties, to discuss the many economic, social and environmental benefits of #Bitcoin #BTC for Canada and the world.
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If the Government of Canada doesn’t establish a Strategic Bitcoin Reserve (SBR), in 10 years the GDP of Bhutan and El Salvador will both surpass Canada’s GDP. 2025 GDP per capita (USD) 🇨🇦 $53,558 🇧🇹 $4,302 🇸🇻 $5,722 2025/06/30 SBR 🇨🇦 0 BTC 🇧🇹 12,062 BTC 🇸🇻 6,222 BTC #cdnpoli #cdnecon
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BREAKING: The Bitcoin Coalition of Canada has written to all Canadian Members of Parliament and Senators asking them to indicate “Support”, “Opposed” or “Undecided” on each of our 4 federal policy recommendations. We will report on results in April 2025. 1️⃣ 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. 2️⃣ Eliminate capital gains tax on Bitcoin (BTC) held for more than one year. 3️⃣ Provide incentive support and remove regulatory red-tape to scale up Bitcoin mining in Canada. 4️⃣ Establish a Strategic Bitcoin Reserve (SBR) for Canada, with the goal of securing 100,000 BTC over four years beginning in 2025. 🔗
Bitcoin Coalition of Canada
Bitcoin Coalition of Canada
Education. Outreach. Policy. Research.
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:
Bitcoin Coalition of Canada
Bitcoin Coalition of Canada
Education. Outreach. Policy. Research.
 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: https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation 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:
Digital Gold: Evaluating a Strategic Bitcoin Reserve for the United States | Bitcoin Policy Institute
A groundbreaking report endorsing a Strategic Bitcoin Reserve for the United States.
 #press #cdnpoli #cdnecon