Conservative Party Of Canada Elects 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 truck drivers In Ottawa this year, he has repeatedly criticized the Liberal government’s overreach in the affairs of the people. He has promised to put Canadians’ money back in his hands, blaming the central bank for the high inflation by country.

Poilivere is a supporter 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. Demonstrated Your Support for Crypto shopping those shawarma Using cryptocurrency at an Ontario restaurant.

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

Poilivere takes aim at the central bank

Poilivere won Election of saturday Party members with 68% of the votes After criticizing the ruling class of the country for violating individual rights. He promised to help those who are barely making 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 experienced during the COVID-19 pandemic, easing of sanctions and latent consumer demand following Russia’s invasion of Ukraine. In order to control inflation, the central bank increased the interest rates by 3% on September 7, 2022.

Even then, Poilievre is unlikely to exit the crypto bandwagon anytime soon. Much of its political influence comes from the support of 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 truck drivers’ protests, the Toronto Star informed of what Greg Foss, who raised $830,000 in BTC for the protest, He often conversed with Polyver about “sound money”.

also polevre Shown in the podcast Robert Breedlove, a cryptocurrency enthusiast Comparing central bank policies to slavery.

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

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

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

bank of canada An officer appointed to oversee regulatory efforts around stablecoins, while Canadian Securities Managers ordered all this exchanges Looking to do business in Canada agrees to cryptocurrencies Follow anti-money laundering rules Money, Cyber ​​Security and Know Your Customer. rules.

for now, Doesn’t look like the Liberal Party will be overthrown, despite the oversight 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 continued to implement policies to benefit the most vulnerable Canadians.


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