- Conservatives nominee for Canadian Prime Minister thinks that citizens must have liberty to use Bitcoin and other cryptocurrencies as money.
- Earlier this year, Canadian authorities led by Justin Trudeau, Liberal Party Prime Minister had taken an unwavering approach against cryptocurrency.
- Koleya Carrington, Executive Director of Canadian Blockchain Consortium, stated that, currently, it’s a hostile environment for crypto.
PM Nominee Backs Free Use Of Bitcoin as Money
Pierre Poilievre, a nominee from Conservative Party for Canadian Prime Minister, has opened up regarding his support for enabling Canadians to utilize Bitcoin as legitimate money in nation.
A youtube channel posted a video of Pierre on 29th March stating that Canadian citizens require more monetary liberty in front of a crowd of about 100 folks at a domestic restaurant. Additionally, he said that, That involves liberty to utilize and own cryptocurrency, smart contracts, tokens, and DeFi.
Earlier this year, Canadian authorities led by Liberal Party Prime Minister Justin Trudeau had a robust approach towards cryptocurrency for countering Freedom Convoy protests which were organized in Ontario.
During January and February, Canadian officials seized protestors’ bank accounts and made efforts to block all donations to Canadian truckers, involving the ones made in cryptocurrency.
Hostile Environment For Crypto
Koleya Karrington, Canadian Blockchain Consortium’s (CBC) Executive director, told a news website that, currently, it is a hostile environment from Liberal authorities towards cryptocurrencies, which is because of insufficient knowledge, regulatory charity, and understanding.
Karrington thinks that there are currently more cryptocurrency holders following sophistications created by PM Trudeau summoned Emergencies Act during February.
In spite of his fervency, Poilievre’s backing of digital assets may still only resonate with a minor cluster of Canadians. By previous October, analytics organization Ipsos had determined that just about 14% of Canadian folks over 18 years of age possess crypto assets. Tha percentage was at 3% back in 2016, indicating a massive growth.
Outlook for acceptance appears bright, as Ipsos also discovered that around 25% of Canadian adults and thinking of acquiring cryptocurrencies in future. This sentiment is consistent with research conducted back in January by a news website.
That report concluded that out of a thousand Canadian respondents, 62% would love to being paid in cryptocurrency by 2027.
Karrington shares an affirmative outlook for Canada’s acceptance of cryptocurrency. She stated that there had been a massive surge in amount of interest shown by residents of provincial Alberta, operating point for CBC.
Furthermore, she said that, Banks cannot avoid this anymore, neither do politicians. They are just seeking an answer to “how can they adopt it.?”
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/03/29/canadian-pm-nominee-standing-with-liberty-to-utilize-bitcoin-as-money/