What Canada’s new Liberal PM Mark Carney means for crypto
If the Liberals win the federal elections, Canada could have a far more measured approach to crypto than the United States.
Mark Carney, a Canadian economist and now Prime Minister-designate, is already under the microscope for his previous remarks regarding cryptocurrency.
Carney, who replaced former Prime Minister Justin Trudeau, took a measured and critical approach to cryptocurrencies, namely Bitcoin (BTC), in a 2018 speech he made at the Bank of England. He also shared concerns over private stablecoins and supported the idea of a central bank currency (CBDC) — a concept many crypto purists regard as antithetical to cryptocurrencies.
At the same time, Carney has said in his platform for the upcoming 2025 federal elections that he wants to make Canada a leader in emerging technologies, including “AI, tech, and digital industries.”
