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

Issue 13 - Minutes of Proceedings - June 12, 2014

OTTAWA, Thursday, June 12, 2014
(31)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:30 a.m., in room 9, Victoria Building, the chair, the Honourable Irving Gerstein, presiding.

Members of the committee present: The Honourable Senators Bellemare, Campbell, Gerstein, Greene, Hervieux- Payette, P.C., Maltais, Massicotte, Ngo, Ringuette and Tkachuk (10).

In attendance: Adriane Yong and Brett Stuckey, Analysts, Parliamentary Information and Research Service, Library of Parliament.

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.)

WITNESSES:

Interac Association:

Caroline Hubberstey, Head, External Affairs, Enterprise Strategy.

PayPal:

Barry Murphy, Director, Government Relations, Canada and Latin America.

BitPay:

Tim Byun, Chief Compliance Officer (by video conference).

The chair made an opening statement.

Ms. Hubberstey made a statement and answered questions.

Mr. Murphy made a statement and answered questions.

At 11:25 a.m., the committee suspended.

At 11:30 a.m., the committee resumed.

Mr. Byun made a statement and answered questions.

At 12:10 p.m., the committee adjourned to the call of the chair.

ATTEST:

Barbara Reynolds

Clerk of the Committee