By banning cash, we can: 1. Prevent banks from becoming "too big to fail" 2. Prevent drug kingpins from amassing huge fortures 3. Prevent corrupt politicians from accepting bribes/campaign contributions
I'm sure there's others, including perhaps even some reasons for the children.
From the article, this is particularly telling - "The idea is to unite Canadian money and foreign brains". Haven't yet seen a statement that says the VC must be Canadian, but the quote implies it. Seems to me that if you're a VC in Canada, you just got a massive handout in the cornering of the immigrant-founded startup market.
Right up to the point that they include in the EULA for the device (yes, it's possible to do that) that they own the copyright on all images output by the device. Really doesn't seem to be too much of a stretch.
Unless, of course, you've got your head in the sand.