Canada will be hosting an election next week, where voters will consider a range of issues -the economy, housing, trade in the US -as they choose their elected officials, that he will choose the next prime minister of the country.
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The narrative
Crypto is not a major electoral issue in the Canadian election this year. Neither did the prime minister’s leading candidate campaign for digital ownership, but here’s how they talked about the issue in the past.
Why important
Canada is flawless -mali Very big Crypto exchange collapse Over the past few years, leading to joint efforts from provincial regulators to make guards in the digital asset industry. While exchanges such as Coinbase is calling for policies like a Canadian government task force or a bitcoin reserve, until now the leading candidates for the prime minister seem to have other issues in their mind (especially: US and trade relationships, housing and economics).
Breaking it
When the people are going to the polls next Monday, they will choose their parliament members. The celebration included a majority of chairs will develop the new government of the country, and the leader of that party will become the new Prime Minister.
While the conservative party and its leader Pierre Pilievre were held comfortable leading to Average polls By late-January 2025, the Liberal Party saw a massive advance in popularity after US President Donald Trump announced tariffs in Canada (and most other countries). The Liberal Party, now with the leader Mark Carney, has held a significant edge ever sinceAccording to the same Poll data and Polymarket. Carney took from former prime minister Justin Trudeau As the Liberal Party head last month.
Bato
Pilievre is A long -term Bitcoin and Blockchain advocacy that led the conservative party Since September 2022. He has shares shares A funds exchanged by the Bitcoin exchange (ETF). In 2022, He promised To make Canada the “Blockchain and Crypto Capital of the World” during a campaign campaign (a phrase Trump later was used in the 2024 campaign campaign).
“I want to control the money with politicians and banks, and bring it back to people,” he said. “We need to give people the freedom to choose other money. If the government abuses our cash, we must have the right to choose others, higher quality cash.”
He even bought Shawarma using Bitcoin during his campaign for the conservative party leader, discussing digital assets at A 30-minute interview with the restaurant owned.
He supported Canadian truck protestwhich called the “Freedom Convoy” itself in early 2022 to object to a vaccine mandate for any truck crossing the US-Canadian border. At this time, the Canadian government sought I -Freeze financial support For protesters, including Penalty of crypto wallets tied with trucks.
While poilievre does not appear to have Particularly linked to Bitcoin or other cryptocurrencies on trucks that may have lost access to banking, he called Bitcoin “the one that is the most important possession you can hold.”
Poilievre has Bank of Canada’s research also opposed a central digital currencyIt is advisable that it can violate privacy rights or let lawmakers target benefits to supporters. Last year He supported a bill Which will prohibit a Canada CBDC directly (echoing US republicans who are also done here).
Canada magazine MACLEAN’S It has been reported that while Poilievre spoke of crypto in recent days, the conservative party as a whole tend to support the industry, citing various members of Parliament who introduced bills or otherwise discussed Crypto.
Poilievre seems to discuss the crypto in public down after the FTX’s dramatic collapse in 2022, used by his political opponents to issue warnings about his earlier advocacy for digital possessions. Pilievre may also count on the unpopular Trump in Canada, and seeks to distance himself from the rules that may imitate the US president.
Mark Carney
Carney is the head of the Bank of Canada and eventually the Bank of England. While he didn’t talk about Bitcoin, he gave a speech to the “Future of Money” in London in March 2018, where he criticized the use of digital assetsConsidering the speculation -awkward mania and a lack of sellers who are willing to accept it as a payment tool.
“The long, charitable answer is that cryptocurrencies act as money, at best, just for some people and to a limited extent, and even in conjunction with the traditional money of users,” he said. “The short answer they failed.”
Carney pointed to the transaction through transactions, ease of accessing and other issues as obstacles to the adoption of digital assets, but said that his concerns over digital ownership at the time were “not meant to delete them.”
“Their basic technology already has an impact. Bringing cryptoassets to the regulation that tent can potentially cultivate innovations to deliver the public,” he said. “Crypto-assets are an attempt to create financial architecture for peer-to-peer transactions. Although the current generation is not the answer, it lowers gauntlet to existing payment systems. It must change to meet the demands of completely reliable, real-time, distributed transactions.”
Carney praised the ledgers specifically, and suggested that the existing infrastructure of digital assets could lead to the creation of a central digital currency, even though he said “there are also greater social questions” around issues such as privacy if a central bank continues a CBDC.
Just a year later in the Economic Policy Symposium at Jackson Hole, Wyoming, Carney suggested That a global hegemonic digital currency supported by digital digital banks can strengthen the world economy against the role of dollars.
“The influence of dollars on global financial conditions may be the same as refusing if a financial architecture developed around the new (synthetic hegemonic currency) and it has shifted the dominance of the dollar to the credit markets,” he said in August 2019. “
Friday
- 17:00 UTC (1:00 pm et) The US Securities and Exchange Commission will hold its latest crypto roundtables, this time focusing on caution issues.
- (The New York Times) Defense Secretary Pete Hegsetth has another chat in the group where he shared details about an upcoming military strike with Yemen. Unlike the signal chat that includes the Atlantic editor-in-chief, Hegsetth himself set this group, and with his wife, brother and personal attorney, The Times reported. NBC was later reported That information about the strike came from a message sent by an Army general through “a safe US government system.”
- (Reuters) The Federal Deposit Insurance Corporation plans to remove its fifth employees, or 1,250 people, it said its staff according to Reuters.
- (AP News) The Consumer Financial Protection Bureau has announced that it will remove 1,500 employees, but this step is that US District Judge Amy Berman Jackson has paused.
- (The New York Times) Chris Van Hollen, a Democrat representing Maryland, met with Kilmar Abrego Garcia in El Salvador. Abrego Garcia was wrongly sent to El Salvador to be imprisoned without trial or hearing, and El Salvador’s administration Nayib Buklele tried to stand the pictures of his meeting with Van Hollen by placing glasses “with cherries and salted rims” for the pictures, reported by The Times.
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