According to PANews, Mark Carney has been re-elected as Prime Minister of Canada, defeating Bitcoin-supporting candidate Pierre Poilievre. Carney, known for his critical stance on Bitcoin, claims that it is an unreliable store of value and has limited functionality as a currency. He advocates for the issuance of a central bank digital currency (CBDC) to enhance the stability of the financial system. This event suggests that Canada may adopt a more cautious approach to cryptocurrency policy, prioritizing the development of CBDCs and introducing stricter regulations for decentralized finance and crypto assets.

It was previously reported that Prime Minister Mark Carney, leading the Liberal Party, won the Canadian elections of 2025. The former Governor of the Bank of England is recognized for his cautious and critical view on Bitcoin and has promised to make Canada a leader in new technologies.