Crypt-U Canada! On April 28, the Liberal Party of Canada announced that Mark Carney had won the federal election, replacing Justin Trudeau. This election has aroused questions in the Crypto community, especially due to Mr. Carney’s past statements on cryptocurrencies and private stablecoins. While Canada is preparing for a mandate that could redefine the country’s economic policythe question remains: Is Mark Carney anti-Crypto?
- Mark Carney won the Canadian federal election, replacing Justin Trudeau.
- He expressed reserves on cryptocurrencies and pleaded for a solid regulatory framework for private stablecoins.
Mark Carney: a bitcoin skeptic and private stables
Mark CarneyFormer governor of the Banque of England and the Bank of Canada, has repeatedly expressed reserves on cryptocurrencies. In a 2018 speech, he criticized Bitcoin, saying that he did not effectively fulfill the traditional functions of a cashnamely to be a reserve of value, a means of exchange and a unit of account: “The short answer is that he fails. »»
He also raised concerns concerning Private stableemphasizing the need for a robust regulatory framework for these digital active. He pleaded for protections equivalent to those of commercial banks money, including liquidity requirements and mechanisms to compensate for depositors.
In addition, Mr. Carney has supported A few years ago the idea of a digital central bank currency (MNBC), considering that it could prevent Fragmentation of the monetary system caused by the multiplication of stable private.
A commitment for technological innovation
However, and despite his criticism on cryptocurrenciesMark Carney is not opposed to technological innovation. On her platform electoral, he expressed his desire to make Canada a leader in emerging technologiesincluding theartificial intelligence and digital industries.
The candidate also recognized that the technologies underlying cryptocurrencies were « Exciting » and called political decision -makers « Not to suffocate innovation ». He stressed that technological solutions could « Improve financial stability and support more innovative and reliable payment services ».
After his victory in the elections, one wonders now what the position of Prime Minister Carney will be on these important questions, even if it is a little early to find out. The Canadian and global cryptosphere is now awaiting the first declarations and the first decisions of the new strong man of 24, Promenade Sussex, in Ottawa, who has been able to thwart all the forecasts.