Industry committee  Chair, at Shakepay we never listed any of these cryptocurrencies. I think we've taken a more conservative approach as to what is listed on the platform. There are maybe different ways to look at cryptocurrencies, and I think we talked a little bit about some of the use cases he

Industry committee  As I said in my opening statement, I see Bitcoin as this public good, in the sense that it is accessible to everyone and is always available, which means that anyone at any point would be able to access this network. It is very much like the Internet today, where it is essentiall

Industry committee  Thank you for your question. Canadian platforms do a lot to reassure Canadians. Services like Shakepay and the platforms of the other witnesses are very different from platforms outside of Canada. We talked about that a little earlier.

Industry committee  In Canada, client funds must be held on a one-to-one ratio. That means that for every dollar a consumer has on our platform, we must have exactly one dollar in their account. For every bitcoin, there must be one bitcoin set aside for users. The situations you see outside of Cana

Industry committee  The measures that platforms are subject to here in Canada mean that the risks are much lower.

Industry committee  I don't give financial advice, but bitcoin technology isn't just about money or investment. Bitcoin is a public good. It allows anyone to use a phone to transfer money anywhere in the world. Before the Internet, you had to send a message by mail, and it took weeks to cross the o

Industry committee  That's right. With email and social media, the Internet has made it possible for us to communicate instantly with anyone in the world, no matter what city or country they're in. So bitcoin is a public good that allows anyone to always have access on their phone to a platform th

Industry committee  Mr. Chair, there are a lot of different cryptocurrencies out there, and I think each of them has—

Industry committee  That's correct. It's to further say that within stocks, some companies are, let's say, a bit riskier than others.

Industry committee  Everything but Bitcoin I would put as high.

Industry committee  As Mr. Rasul said, the 80% refers to the amount of cryptocurrency that's held in cold storage. Cold storage is where the private keys allow for the distribution of the Bitcoin. Cold storage means those keys are stored off-line. It's a more secure way of storing Bitcoin. I'll ech

Industry committee  Thank you, members of the committee, for having me today. It's an honour to be here. I'm Jean Amiouny and I'm the CEO of Shakepay. I'm an engineer and a graduate of McGill. I've been in the Bitcoin industry for just shy of 10 years, since 2013. In 2015, I co-founded Shakepay, a