Members
Parliament
Transparency

E. Grant Gibbons

1169
Speeches
249,853
Words Spoken
36
Sittings Active
1 Dec 2017 House of Assembly
Official Hansard Report
15 words
It is a take note motion, Mr. Speaker, I am not sure I am allowed—
24 Nov 2017 House of Assembly
Official Hansard Report
64 words
Yes. Thank you, and good morning, Mr. Speaker. Mr. Speaker, at the bottom of page 3 the Premier refers to Bermuda’s obligations under the United Nations Convention against Corruption. Could the Honourable Premier give us an update or time frame as to when he thinks the United Nations Co nvention against Corruption is likely to be extended to Bermuda by …
24 Nov 2017 House of Assembly
Official Hansard Report
96 words
Thank you, Mr. Speaker. Mr. Speaker, I think in relation to the Mini ster’s Statement, we are all aware that blockchain and distributed ledger technologies are hot areas right now. And actually, a number of Bermuda companies have been involved for some time. My question really is about cryptocurrencies. And on page 3 of the Statement, the Honourable Member says, …
24 Nov 2017 House of Assembly
Official Hansard Report
10 words
I do not have any interest in cryptocurrencies. [Inaudible interjections]
24 Nov 2017 House of Assembly
Official Hansard Report
2 words
Yes. Yes.
24 Nov 2017 House of Assembly
Official Hansard Report
17 words
Mr. Speaker, before I was rudely interrupted, I started to say, on page 3 . . .
24 Nov 2017 House of Assembly
Official Hansard Report
124 words
Yes. Okay. The Honourable Minister says on page 3, “The challenge will be in figuring out how Bermuda can set up an industry that ensures that cryptocurren-cies are well regulated in a safe environment for cry ptocurrency firms to grow, whilst also ensuring that this new regulatory environment protects both consumers and the reputation of our jurisdiction.” The Honourable Member …
24 Nov 2017 House of Assembly
Official Hansard Report
3 words
Supplementary, Mr. Speaker.
24 Nov 2017 House of Assembly
Official Hansard Report
34 words
Yes. Does the Minister feel, as he indicates in his Statement, that —I think it is called the Cryptocurrency Association— that a self - regulatory organisation will provide sufficient protec-tion for regulation of cryptocurrencies?
24 Nov 2017 House of Assembly
Official Hansard Report
4 words
Yes, supplementary, Mr. Speaker.
24 Nov 2017 House of Assembly
Official Hansard Report
40 words
The Minister will prob ably be aware that there are over 1,000 cryptocurre nBermuda House of Assembly cies currently existing. And there was conc ern recently about Russian cryptocurrencies. How will the cryptocurrencies be vetted before actually setting up here?
24 Nov 2017 House of Assembly
Official Hansard Report
43 words
Yes, Mr. Speaker, new question. Can the Honour able Member give us indic ation of where the BMA [Bermuda Monetary Authority] currently stands with respect to cryptocurrencies and their perspective, given the fact that cryptocurrencies are a featured part of his Ministerial Statement?
24 Nov 2017 House of Assembly
Official Hansard Report
6 words
It will be a new question,
24 Nov 2017 House of Assembly
Official Hansard Report
101 words
Yes. The Honourable Member refers to utility tokens. And, obviously, there has been a lot of discussion about whether or not these can be considered to be securities, because there is a lot of vagueness about some of the naming that goes on in this particular area. I guess the question I have, Mr. Speaker, is, given the SEC [Securities …
24 Nov 2017 House of Assembly
Official Hansard Report
4 words
Yes, supplementary, Mr. Speaker.
24 Nov 2017 House of Assembly
Official Hansard Report
93 words
Given both the promise, perhaps the hype, but also the concerns about this area, will the Honourable Minister undertake to come back to the House, perhaps early next year and give us an update as to where this stands? Because we are, in many respects, dealing with the Wild West out there. I think there is a lot of promise, …
24 Nov 2017 House of Assembly
Official Hansard Report
9 words
Point of order, Mr. Speaker. POINT OF ORDER [Misleading]
24 Nov 2017 House of Assembly
Official Hansard Report
28 words
The Honourable Member, I think inadvertently, was misleading the House. Discussion of block chain, distributive ledger technol ogy, it was well underway in the last couple of years.
24 Nov 2017 House of Assembly
Official Hansard Report
222 words
Thank you, Mr. Speaker. Bermuda House of Assembly Mr. Speaker, I rise this morning to ask that condolences be sent to a long- serving former civil servant. I am talking about Jim Hannam, who passed away quite recently. He was the Accountant General for a number of years and served under Mansfield Brock. I think Member Kim Swan would like …
24 Nov 2017 House of Assembly
Official Hansard Report
10 words
Yes, thank you. I am glad I caught your eye.