BCC Urges Government to Adopt Recommendations for Supercharging Bitcoin in Canada

The Bitcoin Coalition of Canada (BCC) has tabled some game-changing recommendations for the Canadian government to unlock Bitcoin’s full potential.

Here’s what they’re pushing for:

Implement a tax exemption for Bitcoin transactions under $10,000 CAD. Eliminate capital gains tax on Bitcoin held for over a year. Support and reduce regulatory red tape to scale up Bitcoin mining in Canada. Establish a Strategic Bitcoin Reserve (SBR) to secure 100,000 BTC over the next four years.

These recommendations come at a time when Bitcoin’s global adoption is accelerating, with its use as a currency and savings tool spreading rapidly.

The BCC’s move is designed to position Canada competitively in the global economy, while also promoting:

Financial inclusion globally, by providing the unbanked access to financial systems. Human rights, by helping activists bypass financial censorship in authoritarian regimes. Environmental impact reduction, as Bitcoin mining can scale renewable energy production and reduce harmful methane emissions.

Now is the time for Canada to embrace Bitcoin, unlock significant social, economic, and environmental benefits, and secure a competitive edge for the future.