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From cryptocurrency markets to digital ID to AI controlled traffic lights, a little-known company is lobbying the Alberta government on a host of policies.
Bryan Burns, CoinCorp Corporation’s director, registered as a lobbyist for the company in Alberta on Nov. 17.
The lobbying filing shows CoinCorp plans to communicate with the government about incorporating AI and other tech with Alberta’s digital ID framework to support secure onboarding and credential verification. It also intends to advise the Ministry of Municipal Affairs on a policy to use AI for the integration of an “autonomous traffic-management system” to control signal timing at traffic lights.
AI-powered systems that monitor traffic cameras and sensors to change traffic lights and control the flow of traffic have already been employed in towns and cities across North America.
CoinCorp describes itself as a company providing policy advice on crypto, financial markets, and AI and related tech. In this case, Burns wants to talk with officials from Alberta Treasury Board and Finance about using the province’s financial services regulatory sandbox to test digital investment products.
Alberta created the regulatory sandbox in 2022 as a “safe space” for approved companies to trial new products and services, while being temporarily exempted from some laws and regulations, such as consumer protection and personal information protection legislation.
Though CoinCorp, formerly operating as Coin Corporation, is lobbying on a number of different business areas, it isn’t clear how the company is connected with these ventures.
Coin Corporation was previously registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada and offered money transfer and digital currency services. Records show this registration expired in April 2023.
Burns is also listed as the director of International Bitcoin Register (IBR) and is registered to lobby the federal government for that company. IBR is lobbying for wider adoption of crypto and related technologies, including the creation of a Central Bank Digital Currency and AI governance in financial regulations.
In 2024, Coin Corporation also lobbied the Alberta government for “creation of a securities exchange that uses decentralized finance technology to allow for a Bank of Canada backed alternate currency.”
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