Canadian politician says he supports Bitcoin as federal election looms

Regulation

Maxime Bernier, founder and leader of the People’s Party of Canada, has said he supports the adoption of cryptocurrencies in the country.

In a Sept. 14 tweet, Bernier said cryptocurrencies were “another new and innovative way” to counter the actions by central banks, which he claimed were “destroying our money and economy.” The Canadian politician has criticized the Bank of Canada for “printing money” and called out Prime Minister Justin Trudeau for his economic policies.

Bernier, a former cabinet minister known by some as Mad Max, has been outspoken in his criticism of vaccine mandates in Canada at a time when the number of COVID-19 cases continues to rise in the country. He has also advocated for ending lockdowns and mask mandates and against the rollout of a vaccine passport system.

The politician’s remarks come before a Canadian federal election scheduled for Sept. 20, with the People’s Party currently holding no seats in the country’s parliament. Though many right-leaning politicians worldwide have adopted pro-crypto stances as part of their campaigns or policies once in office, the role of Bitcoin (BTC) and crypto is seemingly not a one-party issue.

Canada has often paved the way for many initiatives in the crypto space. Ethereum co-founder Vitalik Buterin is Russian-Canadian and investments firms have been able to successfully launch crypto exchange-traded funds while U.S. regulators have yet to reach a decision on the investment vehicle.

Related: Crypto in Canada: Where are we today, and where are we heading?

However, many Canadian lawmakers, including Trudeau, have been largely silent on the role cryptocurrencies may play in the country’s economy. Trudeau’s half brother Kyle Kemper is an outspoken Dogecoin (DOGE) enthusiast whom the Canadian government once paid to speak at a blockchain conference.

Cointelegraph reached out to the People’s Party of Canada, but did not receive a response at the time of publication.

Products You May Like

Articles You May Like

How will DOJ’s new crypto enforcement team change the game for industry players, good and bad?
Bitcoin futures ETF will likely be delayed until 2022 says research firm CFRA
Olympus DAO chases a new ATH after fresh bond offerings and partnerships
Chess grandmaster Magnus Carlsen awarded NFT trophy after tournament win
Binance to suspend Chinese yuan from P2P platform in December

Leave a Reply

Your email address will not be published. Required fields are marked *