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Thursday, August 11, 2022

Trudeau Challenger Wants Canada to Adopt Bitcoin – Decrypt


  • Pierre Poilivire, seeking to lead Canadian conservatives, has come out in favor of bitcoin.
  • He wants Canada to be the “blockchain capital of the world”.

Pierre Poilivre, the front-runner to lead Canada’s opposition Conservative Party, bought a Schwarm sandwich on the campaign trail last week—and paid for it. Bitcoin,

The move was part of a larger push by Polliver, who is running to challenge Prime Minister Justin Trudeau’s Liberal Party in the next election, to brand himself as a pro-crypto populist.

“Give people back control of their money. Keep crypto legal and let it flourish,” Poilivre said on Twitter, where he promised to help Canadians “take back control of their money from politicians and bankers.”

He also urged people to vote for him to “make Canada a country”. blockchain capital of the world.”

Poiliviere has offered some specifics as to how it will make the country the “blockchain capital”. For now, his goal may be to tap into the surge in interest in crypto in right-wing circles after truckers protesting the COVID-19 vaccine mandate took over the Canadian capital earlier this year.

In form of globe and mail Noted, Poiliviere has directed long-furious rhetoric at Canada’s central bank, blasting it for inflationary policies, claiming they are worsening the country’s money supply – often bitcoin. Rhetoric supported by supporters and many liberals.

Pollivier’s position on crypto also stands in opposition to Trudeau’s Liberal government, which has taken aggressive measures against the crypto industry following Trudeau’s capture, including new reporting requirements for transactions over $1,000.

It is unclear how Poilivire’s bitcoin rhetoric will play out among ordinary Canadians, many of whom learned about crypto during the recent truck driver turmoil, and who may have come to view it through a partisan lens. . This could make Poilivire’s crypto message hard to resonate as much of Canada has rejected his Trump-style populism in the past.

on the other hand, as globe Of note, Canada has a growing number of tech workers, many of whom are sympathetic to the liberal ethos of Silicon Valley. The country also has a thriving crypto sector in places like the hometown of Toronto, Ethereum founder Vitalik Buterin and in Vancouver, which is home to major blockchain startups such as Dapper Labs and LayerZero.

This means that, if Poilivier wins the Conservative Party nomination, his crypto policies could get him support outside the party’s base. For now, he still faces doubts, including from financial executives such as Alexander Beeth, a senior analyst who works at the financial center of Toronto’s Bay Street.

“I would say that Canadians are not going to be the next El Salvador as a rule,” Beeth said, referring to the Central American company, which has treated bitcoin as legal tender in many ways coercive.

While Poilivier has offered some specifics on its bitcoin or crypto policies, he suggested during his visit to Schwama’s shop that they would not be overwhelming.

“I am not going to force anyone to use any particular type of cryptocurrency and, as prime minister, I am only going to give you the freedom to choose. If you believe that bitcoin will do the transactions for you. is the best tool, such as [store owner] Ali has decided, so can you,” he later added. “As long as you follow the same laws and pay the same taxes.”

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World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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