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The Conservative Party of Canada has chosen pro-cryptocurrency politician Pierre Poiliver as its new leader.
Poiliware, backs anti-vaccine protest of a group of truckers In Ottawa this year, he has repeatedly criticized the Liberal government for its excesses in civil affairs.He has pledged to get Canadians’ money back into his hands, accusing the central bank of high inflation By country.
Poilivere is a proponent of cryptocurrencies And having said that, should he be elected prime minister, he would help open the web of rules currently governing cryptocurrencies, in consultation with provincial officials, viewing them as a way to avoid the country’s inflation. Prove your support for cryptocurrencies Shopping those shawarma Use cryptocurrency in Ontario restaurants.
During the protest, Mr. Police intercept transactions involving 253 cryptocurrency addresses When Prime Minister Justin Trudeau called for emergency powers to disperse protesters.
Poiliivere targets central banks
poliville won election Saturday Party members with 68% of the vote After criticizing the country’s ruling class for violating individual rights. He promised to help those who are barely making a living if he is elected prime minister.
But he was wrong to blame the central bank for inflation, think Professor at McGill University in Montreal. Inflation in Canada is due to residual problems The supply chain has experienced during the COVID-19 pandemic, sanctions easing and potential consumer demand following Russia’s invasion of Ukraine. To control inflation, the central bank raised interest rates by 3% on September 7, 2022.
Even so, Poilievre is unlikely to exit the cryptocurrency bandwagon anytime soon. Much of its political clout comes from the support of those who rely on government institutions, an idea that fueled the creation of Bitcoin (BTC) after the 2008 financial crisis.
February 2022, at the height of trucker protests, Toronto Star learned what Greg Foss raises $830,000 in BTC for protest, He often talks about “sound money” with Polyver.
also superb show in a podcast Robert Breedlove, cryptocurrency enthusiast Compare central bank policy to slavery.
Is Polyver’s Political Ideology Necessary for Cryptocurrency to Prosper?
Needless to say, Trudeau’s Liberal Party believes that the American political ideology that Polliver supports will damage the country’s economy, health and security. And, as he testified, one might argue that this is not entirely necessary for cryptocurrency adoption. A report by the central bank in June 2022.
The report shows, quantity Holder From 2020 to 2021, the amount of BTC in Canada tripledhe also stressed the importance of global regulatory coordination to prevent criminals from exploiting loopholes.
Bank of Canada an officer appointed to oversee regulatory efforts around stablecoins, while Canadian securities managers order all of these comminicate Want to do business in Canada agree to cryptocurrencies Comply with anti-money laundering rules Money, cybersecurity and know your customers. rule.
Currently, It doesn’t look like the Liberals will be overthrown, although Trudeau’s minority government is under scrutiny. The left-leaning NDP said it would help build a Liberal government as long as Trudeau continued to implement policies that benefit the most vulnerable Canadians.
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