Bitcoin ATM to be showcased in front of Canadian Senate Committee

Bitcoin ATM to be showcased in front of Canadian Senate Committee

By Andrew Moran,

In front of the Canadian Senate Standing Committee on Wednesday, developers of BitAccess, a Canadian bitcoin ATM, will demonstrate the kiosk’s various functions and features and reportedly assist Conservative Senator Irving Gerstein in acquiring some bitcoins.

Haseeb Awan, the co-founder of the one-year-old Ottawa, Ontario-based bitcoin startup, will highlight the benefits of these kinds of machines and to educate lawmakers who are still unaware of what the digital currency is before they decide to regulate it. This will reportedly be the company’s very first international showcase of its third generation bitcoin ATM.

The demonstration is part of the Senate’s 18-month study entitled “Risks, Advantages and Promises of Digital Currency.”


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