The Conservative Party of Canada elects a pro-cryptocurrency leader

The Conservative Party of Canada has chosen pro-crypto politician Pierre Poiliver as its new leader.

Poiliware, who supported an anti-vaccination protest by a group of truckers In Ottawa this year, he repeatedly criticized the excesses of the Liberal government in the affairs of the people. He promised to put Canadians’ money back in his hands, blaming the central bank for the rise inflation by country.

Poilivere is a supporter of cryptocurrencies And that said, if elected prime minister, he would help open up the web of rules currently governing cryptocurrencies, in consultation with provincial officials, seeing them as a way to stave off the nation’s inflation. Demonstrating your support for crypto purchases those shawarmas Using cryptocurrency in an Ontario restaurant.

During the demonstration, Mr. Police intercept transactions involving 253 cryptocurrency addresses When Prime Minister Justin Trudeau requested emergency powers to disperse protesters.

Poilivere takes aim at central bank

Poilèvre won Election of saturday Party members with 68% of votes After criticizing the country’s ruling class for violating individual rights. He promised to help those who barely earn a living if he is elected Prime Minister.

But his approach of blaming the central bank for inflation is wrong, 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, the easing of sanctions and latent consumer demand following Russia’s invasion of Ukraine. In order to control inflation, the central bank raised interest rates by 3% on September 7, 2022.

Even then, Poilievre is unlikely to leave the crypto bandwagon anytime soon. Much of its political influence comes from supporting those who rely on government institutions, a philosophy that fueled the creation of bitcoin (BTC) after the 2008 financial crisis.

In February 2022, at the height of trucker protests, the Toronto Star informed of What Greg Foss, who raised $830,000 in BTC for the protest, He often spoke with Polyver about “sound money”.

also povre Show in the podcast Robert Breedlove, a cryptocurrency enthusiast Compare central bank policies to slavery.

Is Polyver’s Political Ideology Necessary for Crypto to Prosper?

Needless to say, Trudeau’s Liberal Party believes that the American political ideology supported by Polliver will harm the country’s economy, health and security. And, one might say, it is not entirely necessary for cryptocurrency adoption, as he testified. A report released by the central bank in June 2022.

The report revealed that an amount of holders The number of BTC in Canada has tripled from 2020 to 2021He also stressed the importance of global regulatory coordination to prevent criminals from taking advantage of loopholes.

bank of canada An appointed officer to oversee regulatory efforts around stablecoins, while Canadian securities managers order all that Exchanges Looking to do business in Canada accepts cryptocurrencies Comply with anti-money laundering rules Money, cybersecurity and knowing your customer. rules.

for the moment, It doesn’t look like the Liberal Party will be overthrown, despite the watchful eye of Trudeau’s minority government. Another party, the left-leaning New Democrats, said it would help establish a Liberal Party government, as long as Trudeau continues to implement policies that benefit the most vulnerable Canadians.


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