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applegrove

(118,022 posts)
Sat Jun 18, 2022, 10:00 PM Jun 2022

Don't forget Poilievre was trying to make Canada Bitcoin central:

https://www.cbc.ca/news/politics/poilievre-bitcoin-policy-1.6399986

"SNIP.......

Poilievre's description of cryptocurrencies is similar to what conservatives in another era said about the gold standard — a policy of fixing the value of a country's currency directly to gold to limit the money supply. The gold standard was abandoned by all major economies in the twentieth century because it proved to be too volatile and it restricted a government's ability to respond to economic crises.

Poilievre said that, if he's elected prime minister, he'll "keep crypto legal and reject a China-style crackdown." The Chinese government has banned cryptocurrencies because it says bitcoin and products like it could destabilize existing financial systems and fuel fraud and money laundering.

Securities regulation falls under provincial jurisdiction. Poilievre said he'd work with the provinces and territories to eliminate a "cobweb of contradictory rules" that govern crypto and blockchain — the system which records bitcoin and other cryptocurrency transactions.

Poilievre vows to ban oil from 'polluting dictatorships,' double production in Newfoundland

Poilievre said he also wants crypto to be treated like gold and other commodities for taxation purposes.



.......SNIP"
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