Canadian PM candidate favors freedom to use Bitcoin as currency

March 29, 2022

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The Conservative candidate for Prime Minister acknowledges Canadians should be unrestricted to use BTC and other crypto assets as currency in the Great White North. Pierre Poilievre, the Canadian Conservative Party candidate for Prime Minister, has appeared in assistance of enabling Canadians to use BTC as legal currency in the nation. Poilievre said on a Youtube Channel named BITCOIN that Canadians need more economic freedom that comprises the freedom to own and utilize crypto, smart contracts, tokens and decentralised finance.

Last year, the Canadian government led by Liberal Party Prime Minister Justin Trudeau had seized a hard-line strategy against crypto in reply to the Freedom Convoy revolts that took place in Ontario. In the first two months of 2022, Canadian bureaucrats froze bank accounts of protestors and endeavored to hinder all payments to the truckers.Koleya Karringten, the Administrative Director of the Canadian Blockchain Consortium said that it is an adverse atmosphere from the government regarding crypto.

It is significant to have a powerful advocacy stance to enlighten the government on blockchain. Once the level of tax revenue is clear, they will understand this is not an industry for criminals, it is an industry for invention. Instead of his zeal, Poilievre’s assistance of virtual currency may still only be familiar with a small group of Canadians. By last year research company Ipsos had assumed that only around 14% of Canadian citizens above the age of 18 owned digital currency. Kerrington shares the positive outlook for Canada’s adoption of crypto. She said that there has been an enormous improvement in the amount of interest reflected by residents of provincial Alberta, where the CBC governs.

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