Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act has been referred to the Standing Senate Committee on Banking, Trade and Commerce.
Lawyer Mark Wilson from Wildeboer Dellelce has submitted a brief to the Committee recommending amendments to the Canada Business Corporations Act in order for corporations governed by that statute to utilize distributed ledger (“blockchain”) technology. For further details, please refer to the brief which is posted on the Senate of Canada’s website.
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