Update regarding our progress on registering as an association in CanadaHello Whitecoiners,
I've been hard at work doing research and talking to various government departments to see us founded as a fully recognized association in Canada, with all the benefits that come with it. There are some requirements for founding as an association with the word "foundation" in the name, all of which we will be able to meet. In fact, I'm happy to report that in Nova Scotia (the jurisdiction we're looking at founding in), the representatives I've spoken with have all been quite excited about our efforts. There are ongoing discussions as to which type of association or group we should register as, and we're getting great advice both legally and from the government representatives I've been speaking with.
It's been recommended that we reach out directly to the Minister of Finance's office here in Nova Scotia before finalizing this process, and I've started that process today. I look forward to presenting a full report on our progress in this regard in the next week.
Some of you are probably wondering, what are the benefits of registration? Here are a few:
- We will be obligated to hold an Annual General Meeting (yes, in real life). An annual WhiteCoin Cypto Conference!
- We will have access to applying for grants and tax benefits for holding such a conference
- Tax benefits for when we begin our charitable mandate
- Legitimacy in the eyes of the public
- Legitimacy in the eyes of the mainstream media
Look out WhiteCoiners, because when we register as a full foundation we will be using that marketing agency's massive mainstream media press release list. And when that happens, you can expect a response.
Best regards,
Chris Salsman
Acting President
The WhiteCoin Foundation