Pierre Poilievre, who back in March said that he would make Canada the blockchain capital of the world if he became the next prime minister, has finally won Canada’s Conservative Party Leadership Vote.
Poilievre, a big vocal critic of the Bank of Canada, has created “$400 billion in cash” through its quantitative easing measures (to cushion the financial shock from the impact of Covid 19, according to a report by CBC.
The government is destroying the Canadian dollar, so Canadians should be free to use other money like Bitcoin, Canada needs less financial control by politicians and bankers and should provide more financial freedom for the people. This freedom also includes the freedom to own and use crypto, tokens, smart contracts, and decentralized finances at their will.
If elected prime minister, he said he would keep crypto legal and avoid crackdowns similar to what happened in China. He promised to voluntarily work with the provinces to “align jurisdictional rules and definitions to make it easier for blockchain companies in Canadian jurisdictions to operate simultaneously without a web of conflicting laws hindering their operations.
He further added that:
“Choice and competition can provide Canadians with better money and financial products. And with the ability to choose cryptocurrencies, Canadians can probably curb inflation. It’s time for Canadians to take back control of their money and lives, thus making Canada the freest nation on Earth.”
The Ottawa area MP’s assets include Purpose of Bitcoin, an exchange-traded fund based out of Canada, that reportedly holds the funds, as disclosed by him to the federal ethics commissioner on the 4th of May.
Poilievre further announced on April 28 this year that he would stop and scrap the proposed Canadian Central Bank digital currency (CBDC) as a Prime Minister.
Bank of Canada’s Independence was threatened with a half-trillion-dollar deficit by Justin Trudeau, which caused the central bank to print money and cause inflation. Furthermore, the money-printing deficit drove up the prices of goods and sent more dollars. Inflation taxes were imposed. It became more expensive for businesses to produce goods. The more the liberals spend, the more things will cost. That’s just inflation. I’ll end this by restoring central bank independence, mandating an independent audit of all money printing, and abolishing dangerous central bank digital currency.
The next (i.e. 45th) Canadian federal election will be held on or before October 20, 2025.