Mark Carney Re-elected as Canadian Prime Minister Amid Crypto Debate
Mark Carney has secured re-election as Canada’s Prime Minister, defeating pro-Bitcoin rival Pierre Poilievre. Known for his skepticism toward Bitcoin, Carney argues it’s neither a dependable store of value nor an effective currency. Instead, he supports launching a central bank digital currency (CBDC) to strengthen financial stability. His win signals that Canada is likely to continue a cautious approach to crypto, emphasizing CBDC development and possibly tightening rules around decentralized finance and crypto assets. Carney, a former Bank of England governor, has also pledged to position Canada at the forefront of emerging technologies
