Blockchain Venture welcomes Cdn gov't's 2025 budget

Mr. Richard Zhou reports CANADIAN DOLLAR-BACKED STABLECOIN CADT ISSUER BLOCKCHAIN VENTURE CAPITAL INC. WELCOMES FEDERAL COMMITMENT TO STABLECOIN LEGISLATION IN #BUDGET2025 Blockchain Venture Capital Inc. has welcomed the government of Canada's announcement in the 2025 federal budget to introduce legislation establishing a national framework for fiat-backed stablecoins. This marks a long-awaited and encouraging step forward for Canada's fintech and blockchain sectors, signalling the federal government's intent to build a "competitive and innovative" financial system suited to the digital economy. "BVCI applauds this important policy milestone," said Richard Zhou, founder and chief executive officer of Blockchain Venture. "Since 2019, we've worked tirelessly to introduce compliant and transparent stablecoin innovation in Canada. With the federal framework now on the horizon, we look forward to collaborating with regulators to help make Canada a global leader in trusted digital payments and financial technology." Blockchain Venture's early leadership in stablecoin development Blockchain Venture has been a pioneer in stablecoin development since 2019: July 1, 2019: launched the CADT stablecoin in Toronto, helping launch Canada into a new era of digital global finance; November, 2019: introduced the CUSD stablecoin, pegged to the U.S. dollar, in Nevada, United States; July, 2020: issued CADT in Canada with the support of Concentra Trust, becoming one of the first trust-backed stablecoins linked to the Canadian dollar; 2019 to 2025: worked closely with the Ontario, Alberta and B.C. securities regulators under Canadian Securities Administrators' oversight, advocating for clear, practical rules for stablecoin issuance, security tokenization and exempt market dealer registration; Aug. 12, 2022: listed on the Canadian Securities Exchange -- among the first Canadian public companies with active blockchain infrastructure, stablecoin products and payment solutions; December, 2023, to 2025: submitted exemptive relief applications, in accordance with CSA staff notice 21-333 (Crypto Asset Trading Platforms: Terms and Conditions for Trading Value-Referenced Crypto Assets with Clients), to enable trading of CADT stablecoins on major crypto trading platforms across multiple jurisdictions; these applications are currently under review by securities commissions. Despite years of regulatory uncertainty, Blockchain Venture has remained committed to its mission of building secure, compliant and consumer-friendly digital currency systems that bridge traditional banking and blockchain technology. Toward a comprehensive digital asset framework Blockchain Venture welcomes the federal government's recognition of stablecoins' role in Canada's financial future, and looks forward to clarity on whether these digital assets will be treated as securities or regulated payment instruments. This clarity is essential to unlock innovation and investment while maintaining consumer protection and financial stability. The company also calls for comprehensive legislation that addresses not only stablecoin issuance, but also stablecoin-based payments, mortgages, trading, lending and cross-border financial transactions. "Stablecoins are not just digital cash -- they are the foundation of a new, inclusive financial infrastructure," Mr. Zhou added. "With thoughtful legislation and co-operation among federal and provincial regulators, we can make Canadian crypto and payments great again -- positioning Canada as a global leader in digital asset innovation." Mr. Zhou further emphasized that timing is critical. Legislators and all levels of government should work together to expedite the legislative and registration process to ensure Canada keeps pace with global innovation. About Blockchain Venture Capital Inc. Blockchain Venture is an Ontario-incorporated company registered as a money service business with FINTRAC. The company provides blockchain-based financial infrastructure, including: BVC chain, a proprietary blockchain and distributed ledger platform; BvcPay, a mobile wallet enabling digital transactions using bitcoin, ethereum and the CADT stablecoin. CADT, Blockchain Venture's native digital currency, is intended to be a Canadian-dollar-backed stablecoin designed for payments, settlements, digital asset issuance and ledger services. Unless and until Blockchain Venture obtains all necessary regulatory approvals or qualifies for exemptions, there is no assurance that it will be able to proceed with its CADT-related initiatives. We seek Safe Harbor.