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:
The recommendations come at a moment when global adoption and use of Bitcoin (BTC) as a savings tool and currency by individuals, small businesses, non-profits, corporations, pension funds, unions, nation states and a wide range of other institutions around the world is accelerating at a considerable pace.
"It is a growing economic, social, and environmental imperative for the Government of Canada, as well as provinces, territories, and municipalities across our country to embrace and harness this powerful, multi-faceted technology," said BCC Executive Director, Scott Wolfe. "Not only will the Coalition’s recommendations unleash significant social, economic and environmental benefits for our country, they will position Canada competitively for the global economy of tomorrow and demonstrate our commitment to financial inclusion, human rights, and environmental action on a global scale."
Bitcoin is the world’s largest decentralized computing network, open-source protocol/software, and one of the world’s largest financial settlement systems. The globally-accessible, borderless, digital currency transacted over the Bitcoin network (ie, BTC) is now the sixth largest monetary asset in the world, following gold, the U.S. dollar, the Chinese yuan, the Euro, and the Japanese yen, with a total market capitalization of more than $1.8 Trillion USD.
In addition to its value as a powerful savings tool and currency for Canadians, BTC is increasing financial inclusion on a global scale, enabling large portions of the world’s population excluded from traditional financial systems to access financial rails for the first time. BTC is also powering the work of human rights activists around the world, allowing them to operate free from financial censorship and oppression under authoritarian regimes. And, Bitcoin mining is increasing energy abundance and grid stability around the world, helping scale renewable energy production and mitigate the harmful environmental impact of escaped methane and flared gas.
Learn more about the positive social, economic and environmental benefits of Bitcoin for Canada and the world.
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The Bitcoin Coalition of Canada (BCC) is a registered not-for-profit entity whose mission is to increase awareness and education -- for the public, media, and policymakers -- about Bitcoin's positive impact and its many benefits for both Canada and the world. These include financial inclusion, bolstering human rights, increasing employment, spurring community economic development, and advancing climate action. For more information see Why Bitcoin?
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