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The development of the Canadian political landscape could disrupt the ecosystem crypto. Mark Carney, former Governor of Bank of Canada and Bank of England, has just been named to replace Justin Trudeau. His accession to power will not be unnoticed, especially in the Kryptos sector. Carney, known for his hard criticism of Bitcoin, qualified an active currency model that supported “world speculative mania”. His vision, anchored by a centralized approach to financing, proposes a restrictive policy in terms of crypts. While Canada is still looking for its instructions in the regulation of these assets, Carney’s appointment could be a radical move. Its influence on the future of Bitcoins and Kryptos in Canada deserves to be carefully explored.
Central banker with solved positions against bitcoin
Mark Carney never got rid of to express his reservations about Bitcoin. During a speech in March 2018, when he was England of England of England, he condemned the hard limit of Bitcoin’s offer. He then claimed to create “serious disability”. According to him, the currency must be able to adapt to economic needs and cannot be freeze with a computer code. He went on and said that restoration of a system based on a limited currency standard, as proposed by Bitcoin, would be involved in the commitment of “criminal offense of monetary amnesia”.
His criticism exceeds the monetary aspects. He also pointed to the extreme volatility of bitcoins and described it as “a bad reserve of short -term value”. In addition, he illustrated his opinion with this analogy: a student who was infected with a lending of 1,000 pounds of Sterling in Bitcoins in December of the year could lose £ 500 a few months later, or 2,000 victory depending on the period. For Carney, this unpredictability is unsuitable as a reliable means of exchange.
Towards Pro-CBDC and Anti-Pitcoin Monetary Policy?
If Mark Carney does not completely refuse digital innovation in the financial sector against decentralized crypts against decentralized cryptos. During the same intervention in 2018 he spoke in favor of digital currencies of central banks (CBDC). According to him, these official digital currencies could “extend access to banking services” and offer a more efficient tool to “fight terrorism and economic crime”. A statement proposed by an interventionist approach and which supports the state control systems rather than independent crypts such as Bitcoins.
His recent journey, however, brings an interesting nuance to his anti -rypt posture. From 2021 to 2025, Carney was sitting on the Stripe Board, a payment giant, who joined the crypto payments in 2022 and 2024. This experience in FINTE has examined that cryptus could alleviate its approach. It remains to find out whether his government will accept a strict supervision strategy or a clean and simple ban on cryptus, as some countries did.
The arrival of Mark Carney in power is therefore a key question for the Kryptos industry in Canada: Will the country accept stricter, even hostile regulation, to these assets? While Justin Trudeau has already meant some distrust of bitcoin, his successor could move this caution to a higher level. Thanks to CBDC solutions, Carney seems to want to shape the future of a more centralized money. It remains to be seen how the Canadian crypto community and investors will respond to this political orientation that promises to be decisive for the future of these assets in the country.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.