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A long-anticipated report published by the Canadian Standing Senate Committee on Banking, Trade and Commerce has called for a regulatory "light touch" on bitcoin and digital currencies.
The report, entitled "Digital Currency: You Can't Flip This Coin!", comes after a months-long review that included a number of hearings before the Senate committee, and will undoubtedly play a role in how the government shapes future regulation.
The committee recommended that the government look for ways to utilize digital currencies and blockchain technology, deeming the technology "ingenious" and capable of potentially meeting critical needs in both the financial sector and the unbanked in the world.
The report, entitled "Digital Currency: You Can't Flip This Coin!", comes after a months-long review that included a number of hearings before the Senate committee, and will undoubtedly play a role in how the government shapes future regulation.
The committee recommended that the government look for ways to utilize digital currencies and blockchain technology, deeming the technology "ingenious" and capable of potentially meeting critical needs in both the financial sector and the unbanked in the world.
Full story: http://www.coindesk.com/canadian-senate-panel-calls-for-light-touch-bitcoin-regulation/