Justin Trudeau has officially resigned as the Prime Minister of Canada and will serve his duties until the party elects another candidate for his current position. Trudeau’s resignation could have a significant impact on the country’s crypto scene. Trudeau has been known to be very critical of cryptocurrencies and how his government took measures to restrict their use citing concerns over money laundering, tax evasion and consumer protection.
Polymarket Voters Bet On Pierre Poilievre for PM
On the contrary, according to Polymarket, Pierre, stands 86% chances of becoming the next Prime Minister of Canada. Poilievre has previously expressed pro-crypto stance and promised to make Canada the “Blockchain capital of the world” if he becomes the Prime Minister. This development has sparked optimism within the crypto community and hope to see a significant shift in Canada’s regulatory landscape.
Pierre Poilievre’s Pro-Crypto Stance
Pierre Poilievre’s potential leadership could be a game-changer for the crypto market because he thinks that integration of blockchain technology will create jobs for the citizens. He could bring in more balanced approach toward crypto regulations in Canada, which addresses security and compliance concerns. This could position Canada as one of the leaders in the blockchain space which will attract talent and investment that were not possible due to Trudeau’s restrictive policies.
Pierre also believes in giving people to choose alternative currencies, which includes cryptocurrencies and has been advocating for decentralized finance (DeFi) in Canada.
Community Optimistic With Poilievre’s Potential Leadership
The crypto community is optimistic about Poilievre’s potential leadership, but it is to be taken into consideration that his policies are yet to be elected and his policies are yet to be outlined. Nonetheless, his alignment with the blockchain sector suggest a more favorable environment within Canada for the industry.
Also Read: Ripple is Bridging DeFi and Traditional Finance: Brad Garlinghouse
Source: https://www.cryptonewsz.com/trudeau-resigns-polymarket-favors-poilievre/