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Former political rivals unite & urge Ottawa to recognize bitcoin as a currency

TORONTO, ON, April 12, 2018 // - Two former Canadian politicians are using their legislative know-how to call on Ottawa lawmakers to recognize bitcoin as a currency in Canada.

Jason Dearborn and Andrew Thomson operate Toronto-based Dominion Bitcoin Mining Company Ltd. (DBMC). DBMC offers a unique, proprietary solution for investors to acquire and store bitcoin in a way that complies with Canadian law that is safe and secure.

As a company that operates under Canadian law, DBMC is the first company to call on the Government of Canada to amend the Bank of Canada Act and officially recognize and treat bitcoin as a currency.


“We believe everyday Canadians have the right to purchase and hold bitcoin in their savings accounts and RRSPs,” says Jason Dearborn, DBMC co-founder and a former Saskatchewan Member of the Legislative Assembly (MLA).


During his political tenure, Dearborn was a political adversary to Andrew Thomson. Thomson held numerous cabinet positions under a Saskatchewan NDP government, including Minister of Finance and Minister Responsible for Information and Technology.


In 2013, the pair put their political differences aside and united forces to create a new blockchain education and bitcoin investment company, DBMC. While their business is focused on the most established cryptocurrency bitcoin, Thomson and Dearborn are the only Canadian business leaders actively petitioning Ottawa to change the banking laws around cryptocurrencies.


“We are urging legislators to amend the governing policies around the Bank of Canada Act and officially treat virtual money as a currency,” says Thomson.


DBMC has delivered their submission to the Standing Committee on Finance as part of the committee’s five-year statutory review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The full submission can be read here.


To learn more about DMBC, visit www.dombit.ca.


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About DBMC

Dominion Bitcoin Mining Company Ltd. (DBMC) is at the forefront of Canada’s movement to embrace cryptocurrencies and blockchain technology. Founded in 2013, DBMC is one of Canada's first Bitcoin companies. We provide bitcoin bailment and storage solutions for institutions and individuals. We also provide Continuing Professional Development (CPD) Blockchain Law Workshops that educate Canadians on this transformational industry.


SOURCE: Dominion Bitcoin Mining Company


For further information: Darryl Konynenbelt, 647-203-4340, dkonynenbelt@navltd.com


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