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BANC - Standing Committee

Banking, Commerce and the Economy


Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

Issue 8 - Minutes of Proceedings - April 9, 2014

OTTAWA, Wednesday, April 9, 2014


The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:15 p.m., in room 9, Victoria Building, the chair, the Honourable Irving Gerstein, presiding.

Members of the committee present: The Honourable Senators Bellemare, Black, Campbell, Gerstein, Greene, Hervieux-Payette, P.C., Maltais, Massicotte, Mockler, Ngo, Patterson and Ringuette (12).

Other senator present: The Honourable Senator Raine (1).

In attendance: Barbara Reynolds, Procedural Clerk; Adriane Yong and Brett Stuckey, Analysts, Parliamentary Information and Research Service, Library of Parliament; Mona Ishack, Communications Officer, Communications Directorate.

Also present: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Tuesday, March 25, 2014, the committee continued its examination on the use of digital currency. (For complete text of the order of reference, see proceedings of the committee, Issue No. 6.)


Bitcoin Strategy Group:

Kyle Kemper, Partner;

Victoria van Eyk, Partner.

Canadian Virtual Exchange (CAVirtEx):

Joseph David, CEO;

Larry O'Brien, Advisor.

Bit Access:

Haseeb Awan, Co-founder.

The chair made an opening statement.

Mr. Kemper, Ms. van Eyk, Mr. David, Mr. O'Brien and Mr. Awan each made a statement and answered questions.

At 5:07 p.m., the committee suspended.

At 5:48 p.m., the committee resumed.

At 6:17 p.m., the committee adjourned to the call of the chair.


Danielle Labonté

Clerk of the Committee

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