Canada

Innovation and Leadership at Stake
Trying to balance between preventative legislations and encouragement of innovation, the Canadian cryptocurrency environment is undergoing significant changes. Being among the frontrunners of digital asset regulators, today Canada must consider some hard options in deciding on its future crypto positioning.
Evolving Regulatory Framework and Current Challenges
Canada was a very early crypto regulator in the sense that it came out with its anti-money laundering regime in 2014 and was among the first to approve a spot Bitcoin ETF in 2021. From the last few years, however, there are indications from developments that the days of Canadian preeminence in this area may be fading away. Industry experts watch with alarm, stating, "Canada will be left behind in the global crypto race" owing to governmental restrictions on banking and a patchwork of regulations at the provincial level.
An increasingly complicated set of regulations appears to be imposed by the Canadian Securities Administrators ("CSA"). Their strict conditions and requirements for crypto asset trading platforms are becoming more difficult to comply with. On top of this, stablecoins are being heavily scrutinized, with regulators demanding fiat backing accompanied by stringent reserve requirements. Such restrictions, while trying to be protective, deny Canadians access to financial innovations that are freely available in foreign lands.
Innovation Under Pressure
The crypto-economy, though suffering under regulatory interference, still retains some advantages in Canada. There are 13 cryptocurrency ETFs in the country with considerable assets under management, one being the Purpose Bitcoin ETF, which carries assets worth around C$2.6 billion. Companies of huge stature, such as Galaxy Digital, preferred their listing in Canada due to the relative clarity of the regulatory pathways vis-à-vis those in the United States.
These banking restrictions, however, continue to strangle crypto businesses, Canadian firms fighting to get basic banking services even in cases where the money laundering risk is minimal.
Strategic Reserve Considerations
The idea of Bitcoin strategic reserves is gaining ground in Canada. Advocates state that a strategic reserve would diversify government holdings and place Canada at the forefront of digital-asset leadership. There have been discussions in Vancouver about becoming a "bitcoin-friendly city," which includes proposals to invest municipal funds in bitcoin as a hedge against inflation.
Conclusion
Canada is at an intersection in cryptocurrency policy. While its earlier regulatory leadership gave it just the right foundation, it now has to balance investor protection and innovation if it really intends to regain the title of global leader in cryptocurrencies and not be left behind in these rapidly moving days of digital assets.
#Canada #crytocurrency #ICP.

🚨 BREAKING: Trump Hits #Canada with 50% Steel Tariffs! 🇨🇦🇺🇸
Trump just doubled #tariffs on Canadian steel & aluminium — and Canada is furious!
🇨🇦 Canada says this is a “direct attack on Canadian jobs”, warning that thousands of workers could suffer.
Union leaders are calling it a reckless move that could cripple Canadian industry!
Why it matters?
👉 Canada is the #1 steel supplier to the U.S.
👉 These new tariffs could shake up everything from construction to cars.
Big economic tension is brewing. Will Canada strike back?
👇 What do you think? Will this hurt global markets or bring back local jobs?

#Trump #BTCPrediction $BTC

On March 9, 2025, the Liberal Party of Canada announced Mark Carney as the country’s new Prime Minister, replacing Justin Trudeau after more than seven years in office. Carney, who won the party’s internal election in a landslide, brings extensive experience as the former Governor of the Bank of Canada (2008–2013) and the Bank of England (2013–2020). However, his views on Bitcoin and cryptocurrencies have drawn attention, particularly due to his past statement that Bitcoin has "serious deficiencies."

Background of Carney’s Bitcoin Critique
Mark Carney first voiced his critical stance on Bitcoin as early as March 2, 2018, while serving as Governor of the Bank of England. In one of his remarks, he highlighted Bitcoin’s fixed supply cap—limited to 21 million coins—as a fundamental flaw. Carney argued that this rigidity creates what he termed a "criminal act of monetary amnesia," drawing a parallel to the historical global gold standard. He suggested that recreating such an inflexible monetary system in the modern era was unwise.
Carney compared Bitcoin to the gold standard, asserting that its fixed supply prevents it from adapting to the dynamic needs of an economy. In his view, a currency that cannot be managed by a monetary authority to regulate inflation or ensure economic stability suffers from inherent weaknesses as a medium of exchange, unit of account, or store of value.

Carney’s Stance on Digital Currencies and CBDCs
While critical of Bitcoin, Carney is not entirely opposed to digital currency innovation. During his tenure at the Bank of England, he expressed support for the development of Central Bank Digital Currencies (CBDCs)—digital currencies issued and regulated by central banks. He views CBDCs as a natural evolution of monetary systems, enabling central banks to maintain price stability and control inflation, something he believes Bitcoin cannot achieve due to its decentralized nature.

In a 2021 lecture at the Bank for International Settlements, Carney stated that unregulated digital tokens like Bitcoin would only hold "token value" and could not serve as the core of a programmable financial network. This reinforced his preference for a monetary system under centralized oversight.

Comparison with Predecessor Justin Trudeau
Carney’s stance on Bitcoin appears more stringent than that of his predecessor, Justin Trudeau. In September 2022, Trudeau criticized opposition leader Pierre Poilievre’s pro-crypto platform, calling it "irresponsible leadership" for encouraging people to escape inflation by investing in cryptocurrencies. Carney, however, goes further with a monetary policy-based critique, signaling a deeper skepticism about Bitcoin’s legitimacy as an economic tool.

Carney’s Financial Sector Experience and Stripe
Interestingly, Carney also has experience in the payment technology sector. From February 2021 to January 2025, he served on the board of Stripe, a payment processing company that began integrating crypto payment solutions between 2022 and 2024. Despite this, his time at Stripe does not appear to have softened his views on Bitcoin as a monetary asset; rather, it may have reinforced his belief in innovations that remain within a tightly regulated framework.

Current Political and Economic Context
Carney’s appointment as Prime Minister comes amid significant economic challenges for Canada, including responding to new tariffs imposed by U.S. President Donald Trump. In his victory speech on March 9, 2025, Carney denounced Trump for "attacking Canadian families" with what he called unfair tariffs, asserting that Canada "will never be any part of America in any way, shape, or form." This focus on economic sovereignty may also reflect his cautious approach to monetary innovations like Bitcoin.

Potential Impact on Canada’s Crypto Policy
With Carney now leading Canada’s $1.9 trillion economy, his views on Bitcoin and crypto could shape future policies. His critique of Bitcoin suggests he may push for stricter regulations on decentralized crypto assets while accelerating the Bank of Canada’s exploration of a CBDC. This contrasts with the ambitions of figures like Conservative Party leader Pierre Poilievre, who once pledged to make Canada the "blockchain and crypto capital of the world."

Public Sentiment on Social Media
Sentiment on X reflects concern over Carney’s stance on Bitcoin. A user, @syntoshidog, posted on March 10, 2025, "Canada’s new PM Mark Carney once called Bitcoin’s supply cap a criminal act of monetary amnesia while backing CBDCs, now steering policy for a $1.9T economy." Another user, @EdGeraldX, quoted Carney’s remark that recreating a virtual gold standard is "criminal," highlighting unease within the crypto community about his leadership direction.

Conclusion
Mark Carney, Canada’s new Prime Minister, brings a critical perspective on Bitcoin rooted in his extensive experience as a central banker. His assertion that Bitcoin has "serious deficiencies" and his analogy of "monetary amnesia" underscore his preference for centralized, controllable monetary systems. While his tenure as leader will be tested by economic and political challenges, his stance on crypto is likely to influence Canada’s approach to financial innovation in the coming years. For the crypto community, Carney’s leadership could signal tighter regulations ahead, while the door for CBDCs may swing wider open.
#Canada #CryptoNews #news #bitcoin #MarketPullback

Canada officially becomes a pioneer: Solana ETFs are launching with the approval of the OSC regulator. Moreover, this is not just about tracking the price — the funds will hold real SOL tokens. This is a step towards full institutionalization of Solana.

The project involves the largest management companies in Canada:
• Purpose Investments